ad hoc publications

Post OPEC+ Impact: Contango Impact Assessment III


The 10th extraordinary OPEC and non-OPEC ministerial meeting on 12th April saw an overall production cut of 9.7 mln bpd from May to June, then by 7.7 mln bpd from July to December followed by 5.8 mln bpd from January 2021 to April 2022. We see the latest OPEC+ deal as a mitigating action to decelerate stock builds and avoid reaching tank tops by June.

request sample

Sign-up below to receive sample reports of OilX Research
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.