working paper series dominic quint fabrizio venditti the influence of opec on oil prices a quantitative assessment no 2467 september 2020 disclaimer this paper should not be reported as representing ...
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...Working paper series dominic quint fabrizio venditti the influence of opec on oil prices a quantitative assessment no september disclaimer this should not be reported as representing views european central bank ecb expressed are those authors and do necessarily reflect abstract between january march coalition producers led by russia known cut production in an attempt to raise price crude corona virus shock collapse members did agree keeping market tight face large negative demand yet was actually eective sustaining early when strategy place inventories fell substantially reached peak around usd per barrel from minimum suggests that had signicant impact global what extent reect cuts rather than other factors like swings for how would have evolved supply provides answer these questions through counterfactual analysis based two structural models we nd overall quite limited owing deviations assigned quotas average without been percent lower jel classication codes q c keywords shale non tec...