OIL BRIEF: OPEC and Allies Within Reach of Goal
OIL BRIEF: OPEC and Allies Within Reach of Goal
By Christopher Sell
(Bloomberg) — OPEC and its allies are close to wiping out a crude surplus and expect the market to re-balance in the second quarter, according to people familiar; The oil industry faces a tense wait as Iran sanctions too close to call; Total is keeping faith with Venezuela.