The next meeting of the Organisation of the Petroleum Exporting Countries (OPEC), on 4th December, is set to be much more interesting than the one in June. Indonesia will re-join the group for the first time since it left in 2009. That said, most of the meeting will undoubtedly focus on the return of oil exports from Iran as well as proposals for a return to individual quotas and the prospects for subsequent production cuts. However, comments from key OPEC ministers still seem relatively sanguine. It is also not clear that even if OPEC did cut its production target, actual output would fall.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services