Energy Strategy

Adam Ritchie

OPEC Compliance: Watch the Area Under the Curve

In November 2016, OPEC member countries decided a 1.2 mb/d cut to production for the first six months of 2017. This was expected to reduce inventories and favour an increase in oil prices. In this paper, we discuss the level of compliance from OPEC members and how this can affect oil prices, going forward.

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