The Economist asks:
What will OPEC+ decide to do with regard to oil production at its next meeting?
Started
Dec 11, 2020 06:00PM UTC
Closed Jan 05, 2021 07:00PM UTC
Closed Jan 05, 2021 07:00PM UTC
Challenges
At the 12th OPEC+ (or OPEC and non-OPEC Ministerial Meeting, ONOMM) in December 2020, participating countries decided to adjust production upward by 0.5 million barrels a day (reducing agreed-to output cuts from 7.7 mb/d to 7.2 mb/d) beginning in January 2021 (OPEC, Economist, Al Jazeera, Reuters). The next OPEC+ is expected to be held in January 2021.
Confused? Check our FAQ or ask us for help. To learn more about Good Judgment and Superforecasting, click here.
The question closed "Adjust production upward" with a closing date of 5 January 2021.
See our FAQ to learn about how we resolve questions and how scores are calculated.
Possible Answer | Correct? | Final Crowd Forecast |
---|---|---|
Adjust production upward | 97% | |
No decision to adjust production | 3% | |
Adjust production downward | 0% | |
The next OPEC+ will not be held before 1 February 2021 | 0% |
Crowd Forecast Profile
Participation Level | |
---|---|
Number of Forecasters | 118 |
Average for questions older than 6 months: 208 | |
Number of Forecasts | 297 |
Average for questions older than 6 months: 589 |
Accuracy | |
---|---|
Participants in this question vs. all forecasters | average |