The prospect of the first OPEC production cut since 2009 has sent oil prices back above $50 per barrel, although they have slipped a bit recently as the potential deal shows signs of unravelling. Indeed, previous reductions in OPEC’s output have only had limited success in boosting oil prices. This Energy Watch looks at what impact the proposed OPEC production cut would have on the market – if it were to happen.
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