OPEC, allies struggle to fully deliver pledged oil output boost

  • OPEC is struggling to add barrels to the market after agreeing in June to increase output,  as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola.
  • This adds to fears of a potential future oil crisis due to lack of capacity.
  • Analysts fear that oil prices will return to previous highs in 2019. 

Source: Reuters