Microsoft's support for your web browser ended on January 12, 2016. To continue to use our online services, you must upgrade to a current version of Google ChromeTM, Mozilla Firefox® or Microsoft Internet Explorer®.

Monday, 18 April 2016

By Amanda Augustine and Marcial Nava

 

In a historic move, OPEC, along with non-OPEC nations like Russia, agreed to cut production after a prolonged period of low oil prices.

However, implementation and monitoring of the deal could be hampered by geopolitical factors. The deal was well received by markets, which saw it as a reassurance of OPEC’s capacity to stabilize the market after the collapse of previous negotiations. Although the OPEC deal is expected to have a positive but moderate impact on prices, it will certainly provide relief to several producing countries, reducing the probability of economic crisis and social unrest.

PDF Document

Read the full article from BBVA Research. 

Download Article (PDF)