Don't Expect OPEC's Oil Deal To Fall Apart in 2018 - Bloomberg Gadfly:
"Whatever your view on the effectiveness of the deal between OPEC and a group of non-member countries to limit oil supply in order to drain excess inventories and boost prices, there is one thing that everybody seems to agree on -- they stuck to their guns much better than anyone thought possible for the whole of last year. But there is a growing chorus of voices calling the deal's demise this year. Here's why I believe they're wrong.The most common reasons for suggesting that the deal will fall apart in 2018 are: a growing pressure to cheat, capitulation in the face of surging U.S. shale production, or a declaration of success. Each of these is certainly plausible, but I think the risks are low."
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