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--- 0_public:macro:opec_cuts [2024/12/09 21:49] – ↷ Page moved from macro:opec_cuts to 0_public:macro:opec_cuts pointnm
+++ 0_public:macro:opec_cuts [2024/12/22 20:24] (current) – pointnm
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+{{tag>opec drivers}}
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 ===== Effectiveness =====
-{{:macro:opec_output_cuts.jpg?400|}}
+{{0_public:macro:opec_output_cuts.jpg?400|}}
 The Saudis will be happy to see Brent trading back above US$80/bbl with their additional voluntary cut of 1MMbbls/d starting to have its desired effect. However, the broader OPEC+ cuts are leading to some distortions within the market (tightness in medium sour crudes) and this is evident in the unusual discount that Brent continues to trade at relative to Dubai.
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 When OPEC decides to reduce production, <wrap hi>it first reduces production of cheaper, heavier crude oil</wrap>, reducing supply and increasing prices, thus closing the gap between heavy and light crude. [(:ref:fisher_investments_energy)]
-{{:macro:opec_cuts_sour_crude.png?400|}}
+{{0_public:macro:opec_cuts_sour_crude.png?400|}}
 ===== Market Share / Non-Opec Producers =====