The withdrawal of the US from the Iranian nuclear deal (see p8) has major ramifications for the ongoing Opec+ production agreement. Until this week Opec’s dominant narrative was that despite progress, the market remained unbalanced, raising the prospect of an extension beyond end-2018. But with the possibility of Iranian output falling as buyers cut back this narrative is swiftly changing.
Blow To Nuclear Deal Forces Opec Output Reappraisal
Published on Fri, 11 May 2018 - Volume: 61 Issue: 19Print
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