OPEC+ conveys meaningful indication about the global recovery

Hellenic Shipping News | Sep 8, 2021 at 2:00 AM
  • OPEC+’s decision last week (in near-record time) to maintain the quota roll-down was largely expected, and there were no wrinkles to speak of.
  • The advantage of this third iteration relates to the fact that we can generate weekly crude inventory estimates.
  • It produces no oil, and its consumption is less than 40,000 barrels per day.