Will OPEC Deliver Its Output Cut Deal? Here’s How We’ll Know
- Prices will be ‘whipsawed’ as output data emerges: Barclays
- Oil held in storage is ‘key unknown’ for analysts: EIA
Can OPEC Put an End to Oil Sideways Price Trend?
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The promise of production cuts from OPEC and its partners sent oil rallying in 2016. Now traders want proof they’re delivering on those vows. It won’t come easy.
The challenge: Building a coherent picture from the morass of data that emerges at each step along the process, from the wellheads where the oil is produced, to the tankers that carry it, and the depots that store it.