Some within OPEC itself are wary of letting price go too high. Doing so stokes production growth from U.S. shale. Plus, oil prices surpassing $80 per barrel – and potentially moving up towards $100 – would start to cut into demand growth, which some oil-producing countries feel would be self-defeating.
https://oilprice.com/Geopolitics/International/The-OPEC-Deal-Isnt-Dead-Yet.html
Ann: Santos rejects Harbour proposal and terminates discussions, page-137
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