Insight
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.
Table of contents
- OPEC is back in a big way potentially
- Agreement
- Effect on US supply
- Upside supply risk
Tables and charts
This report includes 2 images and tables including:
- Implied stock build/draw: potential impact of OPEC cut if fully implemented
- OPEC production agreement
What's included
This report contains:
Other reports you may be interested in
Insight
Geothermal Market Update Q1 2024
Geothermal energy has the potential to be the low-carbon energy resource of choice.
$1,050
Commodity Market Report
North America gas weekly update: Is Freeport LNG back in action?
And will it have staying power this time?
$1,700
Commodity Market Report
North America gas short-term outlook: Henry Hub generates support while Waha falls into an abyss
Can prices rebound to $3/mmbtu by the start of winter?
$2,000
