Environment

This is how we readied the Club portfolio for the big OPEC+ production cut

This is how we readied the Club portfolio for the big OPEC+ production cut

The OPEC logo on a sign at the group’s headquarters in Vienna, Austria.

Bloomberg | Bloomberg | Getty Images

OPEC and its oil-producing allies agreed Wednesday to their largest cut to daily crude output since the early days of the Covid-19 pandemic, a decision the Club took steps to prepare for earlier this week by paring our energy exposure.