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Is this the end of the OPEC+ deal?

Is this the end of the OPEC+ deal?

Full Title: Is this the end of the OPEC+ deal?
Author(s): Bassam Fattouh
Publisher(s): Oxford Institute for Energy Studies
Publication Date: May 1, 2018
Full Text: Download Resource
Description (excerpt):

President Trump’s recent decision to exit the Joint Comprehensive Plan of Action (JCPOA) and the
expectation therefore of the loss of Iranian barrels has brought the fate of OPEC+ deal to the fore. For
some analysts, this signifies that ‘the current OPEC deal will end by end-2018’1 while for others, the
impact may be felt as soon as the next OPEC meeting in June this year as it will be no ‘longer about
extending the production cuts, but rather about when to start raising output gradually’. At the other
end of the spectrum, some argue that ‘there is no pressure from within the group to bring their
cooperation to an end’ and the ‘deal will run until the end of 2018 and could be extended again if
participants don’t believe that the market has been rebalanced’.

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