It seems likely that OPEC+ will opt to continue with October’s agreement to cut output quotas by 2mn bpd when the group meets on Sunday. That said, there are further signs that the group will become less cohesive. The UAE, in particular, is sounding increasingly bullish on output targets, which could increase tensions within OPEC+. Elsewhere, Germany’s deal to import Qatari LNG on a long-term deal grabbed the headlines this week but, as we have highlighted before, it will be difficult for Qatar’s (soon to be) booming LNG output to be the solution for Europe’s gas shortage.
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