20 Oct 2020

JBC in the Media - MarketWatch

"'With the committee urging members to remain ‘vigilant and proactive,’ statements from oil ministers suggested no decision on January’s planned output increase were made, with the focus instead remaining for now on enforcing the agreed upon compensatory cuts to ensure overall compliance with the existing deal,' wrote analysts at JBC Energy, a Vienna-based consulting firm, in a note.

'With Libyan supply ramping up, keeping a lid on overall OPEC supply is likely to continue to be a headache for the organization in the months ahead,' they said. 'By the time of the next JMMC meeting, scheduled for mid-November, some tough decisions may need to be made.'"