Wednesday, November 30, 2016

The OPEC (Dis)Accord





The OPEC (Dis)Accord
by Saktiandi Supaat


FX Research





Saudi Arabia and Iran are unwilling to compromise after Saudi reneged on the Algerian agreement to allow Iran exemptions for production cuts. Even if there is a final agreement amongst all the producers, exemptions and a lack of specifics like production targets could mean that a crude upmoves will remain in spurts rather than a sustainable rally. Still, we see risks to the upside for ...

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