When OPEC reached its historic supply cut deal last year, Brent oil was trading for about $49/b ... and it still is. So has the deal been a failure, and what should the market expect from OPEC now?
Senior oil editor Brian Scheid is in London, talking with the Platts OPEC team ahead of the Vienna meeting this month. Eklavya Gupte, Paul Hickin and Herman Wang share thoughts on whether OPEC will agree to extend the cuts, how production could shift within OPEC, and views from Saudi Arabia. Further, what impact will an extension — or lack of one — have on ongoing US shale oil growth?
Related in the OPEC Guide: OPEC April output 31.85 million b/d, unchanged from March: Platts survey
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