Rise In COVID Cases May Force OPEC To Do The Unthinkable

With the most recent round of coronavirus-inspired lockdowns in various parts of the world, OPEC may face its biggest challenge yet: cutting even more production. Would the cartel and its members survive such a decision? OPEC originally planned to relax the current round of production cuts starting in January. And for now, that plan still stands. But there has been talk among OPEC members and analysts that it could waylay that plan, extending the cuts beyond January 2021 to some indefinite future date. The reason for the possible extension of the…