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OPEC's Nov 30 meeting: Letting go of market share strategy


OPEC's Nov 30 meeting: Letting go of market share strategy

Report summary

The year long effort from OPEC to agree on production restraint has culminated in an agreement to cut its output by 1.2 million b/d effective 1 Jan 2017 for 6 months. Saudi Arabia threw its support into this agreement which marks a major change from OPEC's policy since November 2014 meeting.

What's included?

This report includes 1 file(s)

  • OPEC's Nov 30 meeting: Letting go of market share strategy PDF - 271.12 KB 4 Pages, 1 Tables, 1 Figures

Description

This Oil Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

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  • OPEC is back in a big way potentially
  • Agreement
  • Effect on US supply
  • Upside supply risk

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

  • OPEC is back in a big way potentially
    • Implied stock build/draw: potential impact of OPEC cut if fully implemented
  • Agreement
    • OPEC production agreement
  • Effect on US supply
  • Upside supply risk
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