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2017-12-29 11:35:00

OPEC'S TRIUMPH

OPEC'S TRIUMPH

PLATTS - With a renewed output cut agreement in place through the end of 2018 that brings Libya and Nigeria into the fold, OPEC enters the new year brimming with confidence that its market rebalancing efforts will remain on track.

Natural field declines in several countries -- notably crisis-ridden Venezuela -- and continued strong production discipline could likely be enough to keep the bloc's output within the bounds of its ceiling under the deal.

The issuance of a combined 2.8…

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Tags: SAUDI, ARABIA, OPEC, RUSSIA
Chronicle:
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