From the Economist's Chair: Forget 2020, save 2021
Argus Media Chief Economist David Fyfe reviews last week's Opec+ and G20 meetings and the resulting, highly-anticipated crude oil production cut agreement. The collective cut may not rebalance the market in 2020, but puts the industry on the right track for 2021. Fyfe also explores how crude prices and strategic stockpiles may factor into the recovery timeline.