Decision on OPEC deal extension could be delayed until 2018: JP Morgan

25/11/2017 Argaam

 

The Saudi Aramco IPO, planned for 2018, will be an important data point for when Saudi Arabia returns to battle for oil market share, Christyan Malek’s, J.P. Morgan’s head of EMEA oil and gas equity research, said in a recent report.

 

Saudi Arabia’s decision to increase production capacity will be the function of its OPEC influence diminishing post Aramco IPO, Malek added, after meeting with oil experts and senior minsters in the Kingdom.

 

“Our trip to Saudi highlighted rising risk of OPEC (cut extension) decision deferral to 1q’18 if oil prices stay strong above $60 per barrel,” J.P. Morgan said.

 

Saudi Arabia will look to increase long-term production capacity to 13.5 million barrels per day assuming sufficient demand. 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.