Insight
OPEC's Nov 30 meeting: Letting go of market share strategy
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 the following images and tables:
- Implied stock build/draw: potential impact of OPEC cut if fully implemented
- OPEC production agreement
What's included
This report contains:
