OPEC Considers Moving the Goalposts - Here's Where They Might Go - Bloomberg:
"After a year of production cuts, OPEC and Russia are finally near their goal of shrinking the world’s swollen oil inventories. So why are they planning to change their target?
The answer lies somewhere between the murky and incomplete nature of oil data and the competing interests within the producers’ group.
The 24-country alliance wants to reduce oil stockpiles to their five-year average, a goal that is almost at hand according to figures from the International Energy Agency. Yet Saudi Arabia and Russia now say that metric is flawed -- distorted by years of excessively high supplies and patchy data outside developed economies."
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