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Market Update: Oil and Gas - December 2016

Dec 19, 2016
From the Global Energy Institute

Continued focus on OPEC

The announcement from OPEC of a headline cut to 32.5 million bpd for Q1-Q2 2017, which included production targets for members other than Nigeria, Libya, and Indonesia, will fail to deliver an actual OPEC production total of 32.5 million bpd for Q1 2017. More probable is a total around 33.0 million bpd.

Read: Market Update: Oil & Gas - December 2016