World Perspectives

OPEC Production Impact on U.S. Crude Supply

OPEC members, especially Saudi Arabia and Iraq, actually increased production in advance of  the 1 January 2017 implementation of their agreement to reduce volumes. In turn, those actions affect the U.S. crude supply.During the last quarter of 2016, countries in the Organization of Petroleum Exporting Countries (OPEC) internally negotiated an approximate 4.5 percent reduction in crude oil production for each member (see Ag Perspectives 12 December). According to an OPEC press statement at the time, “The global oil market has witnessed a serious challenge of imbalance and volatility pressured mainly from the supply side.” The agreement was finalized on 30 November 2016 and implemented on 1 January 2017 with production scheduled to be cu...

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Mercosur Regional Analysis

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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