When You Just Can’t Say “Yes”. Are Oil Prices Likely to Go Up?

... production hit an all-time high : Russia was producing 10.9 million barrels a day; Saudi Arabia 10.091 million barrels; and OPEC 32.3 million barrels, far in excess of its quota. So, even if the agreement comes into force, no serious price growth should ... ... production cuts would instantly be offset by growing supply from Iran. AP / Richard Drew Viktor Katona: What’s Wrong With Oil Prices Analysis? Stopping production growth at the January 11 level would mean substantial concessions to the detriment of ...