Opec and 11-non Opec countries must now begin the process of cutting output by around 1.8mn b/d under agreements made last month. The agreements came into effect on 1 January, but key producers exited 2016 at near-record highs, highlighting that the process of cutting is set to be gradual. There remain serious questions regarding compliance, and if this is seen as insufficient then price gains that saw Brent rise from $46/B on 29 November to nearly $57/B as MEES went to press will be...
Opec Starts Cutting From Record Annual High
Published on Fri, 06 Jan 2017 - Volume: 60 Issue: 01Print
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!