OPEC’s next official meeting on 30th November is being viewed by the markets as a make-or-break opportunity. A strong, credible deal to cap supply could put a floor under prices and help to rebalance the market. In contrast, if the group fails to agree on output cuts, prices could fall below $40 per barrel and OPEC would be hard pressed to convince investors that the group can still function. This Energy Watch examines some of the potential outcomes from the meeting and what they could mean for prices.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services