The OPEC deal to curtail oil output and help drawn down record global oversupply may turn out to be positive for the cartel’s over-reliant-on-oil economies in so much as it is expected to lift oil prices. What OPEC and the non-OPEC nations that cut the production-cut deal have not yet seen coming (or are just too confident it won’t happen) is a possible rebound in U.S. shale output as early as in 2017. What’s more, experts and analysts see the OPEC/NOPEC deal to take almost 1.8 million bpd off the market in January as leading to lower tanker rates and rising spreads between the U.S. benchmark crude and the Brent or Dubai crude prices. These trading conditions, coupled with the specifics of the U.S. crude variety and the lifted restrictions on U.S. exports, could be the basis for increased American crude oil exports to the oil-hungry Asian markets. Since […]