Opec can have cake and eat it—Morgan Stanley

No longer having to choose between price and market share means the cartel does not need to rush to ease cuts, says analyst

“Opec is finding itself in an extraordinarily positive environment,” Martijn Rats, global oil strategist and head of European energy research, told the “Crude Oil Markets: What Lies Ahead for 2021?” webinar organised by consultancy Renaissance Energy Advisors and the Energy and Commodities Club of the Bayes Business School at London’s City University. And this may, in his view, influence how quickly it eases production curbs even at stronger prices. “The historical trade-off has always been one between do you want high prices now or do you want market share in the future. In the past, these things have been contradictory to each other, you cannot have both at the same time. If you overcook i