From ANZ’s latest client note on commodites, this on oil
(in brief, bolding mine for emphasis):
– We expect OPEC to ratify the tentative production cut agreement (it reached in Algiers) at its biannual meeting on 30 November. With much disagreement around current baseline production data, we envisage the agreement will state only production cuts required by each member. This should placate members disputing production data such as Iraq. Even though exempt, .