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3 Potential OPEC Deal Killers

Authored by Zainab Calcuttawala via OilPrice.com,

The Middle East isn’t yet ready to agree on the future of OPEC’s output reduction deal as the bloc’s November 30 summit approaches, during which the cartel is set to decide on the depth and length of the cuts one year from their initial approval.

Here are the three key geopolitical issues wreaking havoc on the region’s ability to collectively raise the price of oil.

1. The Trump Administration’s Ongoing Iran Nuclear Deal Drama

Trump Administration Will Defend Cuba Embargo In Symbolic UN Vote

A series of mysterious sonic attacks on US diplomatic personnel (and more than a few spies) working at Washington’s Havana embassy have provided ample justification for the White House to reverse the US-Cuba detente negotiated by the Obama administration. And in a gesture that - though it has no implications for policy - is considered symbolically important, the State Department said Thursday the US will defend America’s decades-old economic embargo on Cuba by voting against a UN resolution condemning it, the Associated Press reported.

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