Oil eased from a seven-year high as traders waited to see whether OPEC+ can deliver on its latest promised increase in supply. West Texas Intermediate edged lower after almost striking $90 a barrel on Wednesday. While the Organization of Petroleum Exporting Countries and its allies agreed midweek to a further lift in output, traders are increasingly doubtful that all its members will be able to meet their quotas in full. Reflecting the generally upbeat mood in the global market, supermajor Shell Plc unveiled a bumper set of fourth-quarter earnings. The company reported profit that comfortably exceeded analysts’ estimates and expanded its share buybacks. At the same time, it kept a tight lid on capital spending. Vivek Dhar, an analyst at Commonwealth Bank of Australia, discusses prospects for oil and liquified natural gas. Crude eased from a seven-year high after OPEC+ agreed to another modest increase in output. Dhar speaks […]