For anyone still confused after Opec’s meeting yesterday, Barclays Capital has pieced together a good estimate of the current production target quotas for the Opec 11 members.
Getting the exact quotas per country always involves a bit of calculation as Opec doesn’t necessarily always break it down. Barclays explains the methodology as follows:
The fourth column shows our estimates of the per country reductions, based on allocating the cut according to the percentage distribution of previous targets. Column five, labelled left, shows the cut remaining to be made relative to a base of November rather than September. The final column shows our estimate of the new target level for each member of the OPEC 11. There may be some minor differences between these numbers and the actuals, but we believe they are a fairly close first approximation.
Related links:
Liveblogging the Opec webcast – FT Alphaville
Opec cuts – FT Alphaville