Current market conditions still suggest further oil price declines. As oversupply shrinks, a rebound in prices is likely. High uncertainty from economic slowdown, financial volatility and policy responses. Structural trends point to a lower oil price equilibrium
Organization of Petroleum Exporting Countries
Organization of Petroleum Exporting Countries latest publications
On December 4th, representatives of the Organization of the Petroleum Exporting Countries (OPEC) gathered to discuss a potential cutback in crude production and move to neutralise the falling price. The failure to come to any agreement surprised nobody.