One month in to the implementation Opec’s historic deal to cut output by a combined 1.76mn b/d with 11 non-Opec countries there is one obvious ‘winner.’ And it is not a party to the deal.
Brent crude prices for January averaged $55.45/B, up $8/B on November 2016 (though the deal took effect 1 January, the anticipated impact boosted December’s prices). (CONTINUED - 1774 WORDS)
