Quotes from the news wire:
OPEC is quite likely to do what it has often done in the past: put off taking a decision which involves changing the current system until things become clearer, there's a lot of uncertainties out there, not least the U.S. shale outlook, strength in demand, the overall economic outlook, all the rest of it, that more likely than not they will leave it in place and meet again in March.
Found on Reuters 4 years ago
There's a lot of uncertainties out there, not least the U.S. shale outlook, strength in demand, the overall economic outlook, all the rest of it, that more likely than not they will leave it in place and meet again in March.
Found on Reuters 4 years ago
Amongst the group of countries (participating in the meeting) that we're aware of, only Saudi Arabia has any ability to increase its production, so a freeze on production is perhaps rather meaningless. It's more some kind of gesture which perhaps is aimed ... to build confidence that there will be stability in oil prices.
Found on Reuters 8 years ago
Iran has not exactly been flooding the market with lots more oil. It seems to be far more measured.
Found on Reuters 8 years ago
We think the worst is over for prices ... Today's prices may not be sustainable at exactly $40 a barrel, but in this mid-$30s and upward range, we think there will be some support unless there's a major change in fundamentals.
Found on Reuters 8 years ago
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