A section of the BP Eastern Trough Area Project oil in the UK’s North Sea, around 100 miles east of Aberdeen in Scotland. China has dramatically increased its purchases of North Sea oil in the first quarter of 2017, as a side effect of the OPEC production cuts. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Opinion: Opec faces tough choice on extending output cuts

If an extension of existing production curbs were to lead to a renewed and sustained spike in the crude price, that could begin to hit the world economy

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A section of the BP Eastern Trough Area Project oil in the UK’s North Sea, around 100 miles east of Aberdeen in Scotland. China has dramatically increased its purchases of North Sea oil in the first quarter of 2017, as a side effect of the OPEC production cuts. Photo: Reuters
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