Environment

An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia, on Wednesday, Oct. 3, 2018.
Simon Dawson | Bloomberg | Getty Images

A decision Monday by Saudi Arabia and Russia, the world’s largest oil exporters, to cut production in an effort to push up oil prices is a bullish development for the Club’s struggling energy holdings.

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