OPEC+ Faces Double Trouble: China Demand Weakness and Trump’s Policies

The OPEC+ group has struggled to manage oil supply and prices this year. First, there was overproduction from several members, undermining the cuts from the other producers in the pact. Then came the summer and the first actual consumption data for the first and second quarters of the year, showing that China’s oil demand growth is nowhere near OPEC’s expectations.      Toward the end of the year, just as the cartel and its allies announced they would postpone the start of the easing of the production cuts to January…