OPEC announced it would maintain oil production at 30M bbl/day, but do its quotas even matter...
OPEC announced it would maintain oil production at 30M bbl/day, but do its quotas even matter any more? Capital Economics' Julian Jessop thinks not: "While it may be in the interests of the group as a whole to cap output and support prices, each individual member has an obvious incentive to sell as much oil as possible." Plus, as non-OPEC supply increases, compliance is likely to weaken further.
From other sites
at Benzinga.com (Jan 7, 2015)
at Nasdaq.com (Dec 30, 2014)
at Benzinga.com (Dec 19, 2014)
at Nasdaq.com (Dec 17, 2014)
at MarketWatch.com (Nov 30, 2011)
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