OILX - The Mechanism Of This Upcoming OPEC+ Cut And What It Means For Oil Prices

Welcome to the "What? Another Meeting?" edition of Oil Markets Daily!

Note: This article was first published to HFI Research subscribers over the weekend in our WCTW weekly report. For more info, see here.

OPEC+ meeting has been delayed until the end of this week to give producers more time to negotiate. From what we know, high-level discussions have all agreed on coordinating a production cut. The cut mechanism will look something like this:

• April used as the baseline for production cuts. Cuts won't start until May.
• OPEC+ will count the US and Canada's