A natural gas refinery at the South Pars gas field in Asaluyeh, Iran. Iran’s oil minister, Bijan Zanganeh, told reporters on Monday that OPEC was being used as “a tool against Iran,” endangering the cartel’s survival.

OPEC to Keep Propping Up Oil Prices by Extending Production Cuts Into ’20

Without these measures, “you would have seen a collapse in prices,” an analyst said.

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