Insight
OPEC's Nov 30 meeting: Letting go of market share strategy
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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 contains
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:
Images
- Implied stock build/draw: potential impact of OPEC cut if fully implemented
Tables
- OPEC production agreement
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