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“All data points point higher.”

Overall, Andurand expects that at least 960,000 barrels per day, of the 1.2 million agreed, will be curtailed. He also expects that the six-month cutback could be extended for a further six months. Inventories need to be run down before the reduction shows through in figures, however. For example, he says: “Russia needs a few months before fulfilling its promise to shave production by 300,000 barrels.”

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Informing the Hedge Fund Community. With access to some of the industry’s biggest names and an astute and talented group of writers and contributors, The Hedge Fund Journal has established itself as a trusted source of information on the hedge fund industry.