Replies to post #15173 on The Rising Influence of Rising Affluence

[DewDiligence]

Update—OPEC’s St. Petersburg meeting may not have been a complete waste of time:

https://www.wsj.com/articles/opec-huddles-with-oil-allies-in-fight-against-glut-1500887769

…Saudi Arabia…announced it would go further than cutting its production and would also limit its exports at 6.6 million barrels a day in August. He said he wanted other countries to follow suit, noting troubling figures that showed some were still exporting huge amounts of oil even as they say they are cutting output.