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Monday, 26 September 2016

Oil market has low expectations for Opec production deal - FT.com

Oil market has low expectations for Opec production deal - FT.com:

"Saudi Arabia has set out its terms to join the first co-ordinated Opec production cut since the financial crisis. The only problem for an oversupplied oil market is few think it will be achieved.
As the world’s largest oil producers descend on Algeria this week for crunch talks on ending a two-year old supply glut, Opec’s biggest members remain far apart.
Several Opec delegates have sought to manage expectations saying the meeting would be informal and would only lay the groundwork for the next official Opec meeting in November, or perhaps a follow-up gathering next month."



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