OPEC’s production was relatively flat in April, but the group significantly increased its forecast of non-OPEC output this year again. Whilst this should not prevent the group from rolling over its output reductions until the end of the year, it lessens the likelihood of deeper cuts.
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