Saudi and Russia Unite to Tackle OPEC’s Pinocchio Problem
Gas flares burn from pipes aboard an offshore oil platform in the Persian Gulf’s Salman Oil Field, operated by the National Iranian Offshore Oil Co., near Lavan island, Iran. (Photographer: Ali Mohammadi/Bloomberg)

Saudi and Russia Unite to Tackle OPEC’s Pinocchio Problem

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(Bloomberg) -- A deal to extend record OPEC+ output cuts was going smoothly -- until Saudi Arabia and Russia discovered just how much some of their allies had been cheating.
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