Google+ Followers

Sunday, 7 May 2017

Opec may need more than its oil output extension | The National

Opec may need more than its oil output extension | The National:

"Opec and its allies have run out of options ahead of their meeting at the end of this month, as oil prices slide.

It is almost certainly a foregone conclusion that oil ministers will extend their output deal when they meet in Vienna on May 25, with that outcome already baked into oil market expectations.

But the broader question is whether members will stay committed to a policy that, for its initial six-month period at least, has failed in its aim of hastening a rebalancing of a flooded world oil market."



'via Blog this'