| 来源类型 | Presentations |
| 规范类型 | 其他 |
| OPEC Choices are Getting Harder and Harder | |
| Bassam Fattouh; Andreas Economou | |
| 发表日期 | 2018-11-28 |
| 出版年 | 2018 |
| 页码 | 1 |
| 语种 | 英语 |
| 概述 | Oil market sentiment has turned very bearish over the last few weeks. The Brent price has fallen from highs of above $80/barrel in October to currently trading close to $60/barrel, global economic prospects have become highly uncertain, Saudi Arabia’s production is at record level of above 11.1 mb/d in November, Russia and other OPEC+ members […] |
| 摘要 | Oil market sentiment has turned very bearish over the last few weeks. The Brent price has fallen from highs of above $80/barrel in October to currently trading close to $60/barrel, global economic prospects have become highly uncertain, Saudi Arabia’s production is at record level of above 11.1 mb/d in November, Russia and other OPEC+ members that could increase production are producing at or close to maximum capacity, the range of estimates of Iranian losses remain very wide, OECD liquids stocks have returned to above their 5-year average, net-length financial positioning has fallen sharply, US shale output keeps surprising on the upside, and President Trump’s tweets about OPEC and oil prices have become a regular occurrence. Thus, when OPEC+ members meet next in December, they find themselves in a very different environment than the June 2018 meeting when the market’s main concern at the time was whether Saudi Arabia has enough spare capacity to put a cap on the oil price. In contrast, in the forthcoming OPEC meeting, the market concern is whether OPEC and its partners will implement deep enough cuts to reverse the recent decline in the oil price. This short presentation assesses the various choices that OPEC and its key player Saudi Arabia face. Executive Summary |
| 主题 | Oil ; Oil & Middle East Programme |
| 关键词 | OPEC Saudi Arabia Oil Policy shocks |
| URL | https://www.oxfordenergy.org/publications/opec-choices-getting-harder-harder/ |
| 来源智库 | Oxford Institute for Energy Studies (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/312602 |
| 推荐引用方式 GB/T 7714 | Bassam Fattouh,Andreas Economou. OPEC Choices are Getting Harder and Harder. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| OPEC-Choices-are-Get（6322KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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