OPEC+ has been following the oil market rather than leading it, says Dan Yergin

Talks between OPEC and its oil-producing allies OPEC+ were postponed indefinitely, with the group failing to reach an agreement on production policy. Daniel Yergin of IHS Markit says there has been pressure from the U.S. and India regarding oil prices, and there's going to be a lot of "horse-trading" to get a deal done.
Tue, Jul 6 20212:19 AM EDT