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Rodent

Motives Behind Moving OPEC Goalpost?

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OPEC has discussed changing the way the "average" is calculated, which would make goal harder to achieve. One proposal considered measuring the OECD commercial stocks against the five-year average—like it is now—but suggests taking out years of high inventories from the equation. Another proposal was to use the seven-year average as the primary metric. Another option was to use a 10-yr avg.

As levels are on track to meet the current 5-yr avg in a few months, why retarget now? 

Are Saudi's targeting $80 oil?

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