Insight
OPEC+ and the oil market: The art of the deal
This Insight is available free of charge when you purchase our Macro-Oils Short Term Outlook. Add both reports to your cart and use code OPECfree at checkout.
Report summary
The OPEC+ agreement reached on 10 April 2020 to cut 10 million b/d, even if not fully implemented, is large enough to have a dramatic impact on supply and demand fundamentals. This remarkable global agreement reflects the scale of the pandemic crisis and the widening economic worries. In this Insight, we assess the impact on the market and supply and demand fundamentals. For this analysis of the OPEC+ meeting, we started with the 30 March 2020 Monthly Update forecasts. A detailed forecast will follow in our early May Macro Oils Monthly Update. Topics covered: • Potential effect on prices • Initial assessment of supply and demand balance • OPEC production adjustments • Mexico’s unexpected role
Table of contents
- Supply reaction
- Mexican quota
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global products market weekly: Refining margins ease as crude continues to climb on geopolitical tensions
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,050
Commodity Market Report
Global products market weekly: Distillate markets ease despite ongoing global maintenance
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,050
Commodity Market Report
Macro oils short-term outlook: April 2024
This quarter’s tighter fundamentals provide support to prices as the oil market focuses on political risk
$2,000
