Inform

OPEC's decision to retain current production ceiling undermines potential for near term price recovery

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

Report summary

On 27 November, OPEC held its bi-annual meeting in Vienna and retained its current production ceiling to 2015. Oil prices have declined by around 36% since June, due to weakening demand in Europe, Japan and China, combined with steady gains in US oil production and Saudi Arabia's protection of its Asia market share. Retention of OPEC production levels clearly puts the outlook for oil demand growth as the continued focus of crude oil pricing and, in its absence, tight oil breakeven economics.

What's included

This report contains

  • Document

    OPEC's decision to retain current production ceiling undermines potential for near term price recovery

    PDF 971.31 KB

Table of contents

  • Event
  • Implications

Tables and charts

This report includes 1 images and tables including:

Images

  • Figure 1: 2014 & 2015 oil demand/supply balance

You may be interested in

Commodity market report

Global exchange rate outlook Q4 2017

Commodity market report

Global GDP data Q4 2017

    
            
            
            
            
    

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898