Monday November 23, 2020

A curb on oil production may be hard for Opec to police

Previous deals on reducing oil production have a poor record of success

4th December, 2016

Oil traders and investors cheered last Wednesday’s landmark deal to curtail oil production. But history shows compliance with past accords to be patchy at best. Even if countries stick to their output caps, those that won exemptions could make the collective target all but unreachable if they boost production. The difficulty of monitoring non-Opec cuts adds a further layer of uncertainty.

“You do have a problem with production compliance for sure,” said Olivier...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 6 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 11 months ago