OPEC extends output cuts by nine months

As was widely expected, OPEC announced earlier today that it, together with Russia and some other non-OPEC producers, would be extending their output cuts by nine months, until the end of March 2018. Indeed, the meeting seems to have been relatively painless with the cartel displaying a rare cohesion. Nonetheless, prices have fallen today as investors who had been hoping for deeper cuts pull out.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.