OPEC’s ‘Heavy Lifting’ Is Not Done, Says Gunvor’s Fyfe
- Expects a six-to-nine month extension to OPEC output deal
- Iraq, Iran could come under more pressure to play their part
Does OPEC Have Any Fight Left in It?
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David Fyfe, chief economist at Gunvor Group, says that legacy investments made pre-2014 in Brazil, Canada and Kazakhstan will come online in 2018, making OPEC’s job that much harder. OPEC and Russia could push for an extension of up to nine months when the group meets next month in Vienna, he said.
Fyfe was interviewed via email on Oct. 11. Comments have been edited and condensed.