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.