OPEC can control output but not demand. Depicted in this photograph is Khalid Al-Falih, Saudi Arabia's energy and industry minister at the OPEC meeting in Vienna, Austria, on Wednesday, November 30, 2016. Photo: Bloomberg
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

What Bill Gross said about the economy explains why the OPEC output agreement won’t work

‘From OPEC’s perspective the lower output deal should shift the pricing pendulum away from oil consumers and back towards oil producers’

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OPEC can control output but not demand. Depicted in this photograph is Khalid Al-Falih, Saudi Arabia's energy and industry minister at the OPEC meeting in Vienna, Austria, on Wednesday, November 30, 2016. Photo: Bloomberg
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