Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
OPEC Deal In Principle Calls For Nominal 1M B/D Production Hike
It looks like we have a deal!
After days of speculation and a whole lot of aggressive rhetoric and brinksmanship from the Iranians, OPEC looks to have the basis for a deal on a production increase.
According to a delegate, the agreement (in principle) calls for a nominal 1m b/d production hike. Again, that's in nominal terms and in line with reports from earlier this week, the actual increase will amount to something on the order of 600k b/d.
That would entail a return to 100% compliance wit
