Tough OPEC meeting looms amid specter of oil deficit:
"OPEC is heading for tougher-than-expected policy talks this week amid concern that its efforts to rebalance the oil market might overshoot by creating a global deficit and spurring a further price rally.
“It will not be an easy meeting and we always look at various scenarios,” United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Tuesday in Dubai before leaving for the gathering of the Organization of the Petroleum Exporting Countries in Vienna.
OPEC, Russia and nine other producers are cutting oil output by about 1.8 million barrels per day until March 2018, and on Thursday will discuss extending the deal. The market had largely expected OPEC to prolong cuts until the end of 2018 but doubts have emerged in the last few days."
'via Blog this'
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