Motives Behind Moving OPEC Goalpost?

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?

Share this post

Link to post
Share on other sites
Sign in to follow this  
Followers 0