)
If timing is everything, why does OPEC seem to keep getting it so wrong? The group’s 2019 oil output cuts got off to a flying start in January and they’re going to get bigger, just as US sanctions on Venezuela start to bite.
The problem for the producers, and their allies in the wider OPEC+ group, is that they don’t wield nearly as much control over the market as some people accuse of them of doing. And that makes getting the timing of their actions right almost impossible. Unexpected external factors just seem to keep cropping up and, at least recently,
