05 August 2017
Oil prices held up for most of the first half of 2017, averaging USD54/b up to the end of May following the agreement at the end of 2016 between OPEC and some major non-OPEC producers to restrict...
26 February 2017
Oil markets have been in waiting mode during the early part of this year to see how effective OPEC’s November agreement to cut production in 2017 would actually be. The first round of January data...
03 December 2016
On 30 November, OPEC agreed to cut output by 1.2m barrels per day to 32.5m barrels, effective from 1 January 2017. The agreement is for a period of six months, but could be extended by six months at...
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