Insight
OPEC goes for the no surprise outcome
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Report summary
The 4 December OPEC meeting ended with no decision to cut production nor an agreement to raise the output ceiling. Instead as expected OPEC will continue with its market share policy and wait until 2016 to consider a change from that approach. This Insight discusses the outcome of the meeting and implications for market fundamentals.
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- Shift in the fundamentals in 2016
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