In a special episode of Capitol Crude, senior oil editor Brian Scheid calls former podcast co-host Herman Wang in Vienna to get all the details of OPEC's historic decision Wednesday to cut production. Wang is our London-based OPEC reporter, and he explains whether the deal is actually a cut or a freeze and what the biggest hurdles were to get the deal through. What will the deal mean for prices and what does it do for the cartel's two-year strategy to defend market share?
Be sure to listen to Monday's episode featuring Matthew Reed of Foreign Reports considering the specific interests of individual countries from the OPEC meeting.
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