{"title":"2021年第一季度原油市场形势","authors":"A. Kaukin, E. Miller","doi":"10.2139/ssrn.3843928","DOIUrl":null,"url":null,"abstract":"One of the main factors behind the reduction in oil supply and, consequently, the<br>increase in oil prices in Q1 2021 was the voluntary decision of Saudi Arabia under<br>the OPEC+ agreement to further reduce its production by 1 mbpd. This fact resulted<br>in a record overall conformity with the original decision, which came to 115% in February 2021. A potential risk factor for the oil prices dynamic is the decision taken at the 15th OPEC+ meeting to raise production targets in Q2 2021, coupled with a rapid increase in the number of coronavirus cases reported in Asian countries.","PeriodicalId":149553,"journal":{"name":"Political Economy - Development: Public Service Delivery eJournal","volume":"71 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2021-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Situation on the Crude Oil Market in Q1 2021\",\"authors\":\"A. Kaukin, E. Miller\",\"doi\":\"10.2139/ssrn.3843928\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"One of the main factors behind the reduction in oil supply and, consequently, the<br>increase in oil prices in Q1 2021 was the voluntary decision of Saudi Arabia under<br>the OPEC+ agreement to further reduce its production by 1 mbpd. This fact resulted<br>in a record overall conformity with the original decision, which came to 115% in February 2021. A potential risk factor for the oil prices dynamic is the decision taken at the 15th OPEC+ meeting to raise production targets in Q2 2021, coupled with a rapid increase in the number of coronavirus cases reported in Asian countries.\",\"PeriodicalId\":149553,\"journal\":{\"name\":\"Political Economy - Development: Public Service Delivery eJournal\",\"volume\":\"71 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2021-05-11\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Political Economy - Development: Public Service Delivery eJournal\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.3843928\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Political Economy - Development: Public Service Delivery eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3843928","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
One of the main factors behind the reduction in oil supply and, consequently, the increase in oil prices in Q1 2021 was the voluntary decision of Saudi Arabia under the OPEC+ agreement to further reduce its production by 1 mbpd. This fact resulted in a record overall conformity with the original decision, which came to 115% in February 2021. A potential risk factor for the oil prices dynamic is the decision taken at the 15th OPEC+ meeting to raise production targets in Q2 2021, coupled with a rapid increase in the number of coronavirus cases reported in Asian countries.