Opec can have cake and eat it—Morgan Stanley
No longer having to choose between price and market share means the cartel does not need to rush to ease cuts, says analyst
“Opec is finding itself in an extraordinarily positive environment,” Martijn Rats, global oil strategist and head of European energy research, told the “Crude Oil Markets: What Lies Ahead for 2021?” webinar organised by consultancy Renaissance Energy Advisors and the Energy and Commodities Club of the Bayes Business School at London’s City University. And this may, in his view, influence how quickly it eases production curbs even at stronger prices. “The historical trade-off has always been one between do you want high prices now or do you want market share in the future. In the past, these things have been contradictory to each other, you cannot have both at the same time. If you overcook i
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
