
OPEC Deal “Short-Term” Cut, Goldman Says
Were you holding your breath to find out what Goldman thinks about the prospects for crude prices in the wake of the non-OPEC cuts and the Saudi's contention that they're prepared to cut production below the 10.06 m/bd target established on November 30?
No? Well too bad, because you're going to get the bank's take here:
In Vienna on December 10, eleven non-OPEC producers agreed to join 11 OPEC members to reduce production in 1H17. While the announced cuts were smaller than expected and their im