Lower OPEC output and brighter prospects for demand mean that the group is likely to be relatively cheerful at its meeting at the end of the month. However, unless the group reduces its production further, the rebalancing of the market is likely to stall.
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