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What OPEC+'s New Output Agreement Will Mean for Oil Markets

What OPEC+'s New Output Agreement Will Mean for Oil Markets

Released Monday, 7th December 2020
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What OPEC+'s New Output Agreement Will Mean for Oil Markets

What OPEC+'s New Output Agreement Will Mean for Oil Markets

What OPEC+'s New Output Agreement Will Mean for Oil Markets

What OPEC+'s New Output Agreement Will Mean for Oil Markets

Monday, 7th December 2020
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OPEC and friends agreed to raise output by 500,000 barrels per day starting in January, with the possibility of more increases in the coming months. But given signs of rising tensions between members, could future agreements prove even more difficult? Dave Ernsberger, Global Head of Commodities Pricing at S&P Global Platts, joined us on Prime Time to talk about what the deal means for crude markets, what the signs of discord may mean for OPEC's future, and if dwindling CAPEX and exploration plans mean that the golden age of oil is over.

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