Opec+'s bid to hit quota cheats deepens oil rout

MOVE TO REVIVE HALTED SUPPLIES ADDS TO TARIFF ANXIETY

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Key Opec+ nations have reiterated the need for strict adherence to oil output quotas after a surprise decision to ramp up production sent crude prices tumbling.

The group's abrupt move to accelerate the revival of halted supplies added to growing market anxiety, triggered by an escalating US-China trade war, pushing oil to a four-year low by the end of the week.

Aimed at habitual offenders

The sharp downturn began on Thursday after US President Donald Trump announced a sweeping set of tariffs on imports, raising fears of a global economic slowdown and a subsequent hit to energy demand.