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OPEC's 17 April meeting unlikely to deliver real results

OPEC's 17 April meeting unlikely to deliver real results

Report summary

OPEC's 17 April meeting with several non-OPEC producers is unlikely to lead to a clear cut outcome. Even if an output freeze is announced, we do not expect a genuine one to evolve during the remainder of 2016. Iran has declared it will not consider a freeze until it has returned to pre-sanction levels which isn't likely until 2017. With Iran ramping up output this year, Saudi Arabia has said it does not want to accept a freeze on its own production unless all OPEC members, such as Iran, do so. 

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This report includes 1 file(s)

  • OPEC's 17 April meeting unlikely to deliver real results PDF - 259.54 KB 4 Pages, 0 Tables, 2 Figures


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  • Run up to the 17 April Doha meeting
  • Impact of a freeze limited by reports of high production in January
  • The potential oil price impact

In this report there are 2 tables or charts, including:

  • Run up to the 17 April Doha meeting
  • Impact of a freeze limited by reports of high production in January
    • Key increases in January 2016 vs annual average oil production in 2015
  • The potential oil price impact
    • Year-on-year change in global supply and demand
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