Speaking 12 months ago UAE Energy Minister Suhail al- Mazrouei, newly-installed as Opec President, flagged up 2018 as “the year of fully correcting the market” (MEES, 12 January 2018). But amid mid-year market tightening, Opec and its allies opted to release fresh volumes onto the market (see chart 1). Resultant late-year fears of a growing glut prompted a price collapse and forced a second round of output cuts that came into force this month. The seesaw highlights the difficult...
Opec December Output Tumbled Ahead Of Latest Round Of Cuts
Published on Fri, 11 Jan 2019 - Volume: 62 Issue: 02Print
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!