during 1975-2011. The goal is to disentangle fluctuations in OPEC and non-OPEC production and to derive consistent estimates … medium-run responses to a speculative demand shock differ between OPEC and non-OPEC producers, i.e., on average over the … sample period, OPEC members seem to curtail production, whereas non-OPEC supply expands significantly. Flow and speculative …

in late November 2014 OPEC announced that it would maintain current production levels despite the steady increase in non-OPEC …

Between January 2017 and March 2020 a coalition of oil producers led by OPEC and Russia (known as OPEC+) cut oil … coalition, as members did not agree on keeping the oil market tight in the face of a large negative demand shock. Yet, was OPEC …+ actually effective in sustaining the price of oil? Between 2017 and early 2020 when the OPEC+ strategy was in place, oil …