2 April 2021

Published by
Tellimer Research

Hasnain Malik
Strategy & Head of Equity Research

2 April 2021
Published by
Tellimer Research
OPEC+ opens the tap unexpectedly and oil price goes up!

Hasnain Malik
Strategy & Head of Equity Research @
Tellimer Research
2 April 2021
- OPEC+ to roll back 85% of output cuts brought in since April 2020 over next 3 months; expectations were for no change
- But continuing monthly meeting schedule and phased increases suggests flexibility to reverse course quickly if needed
- So far oil price is up in reaction: only relief for importers is that the prospects of much higher prices has dimmed
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