Sunday, 3 June 2018

Coming Soon: "OPEC's Worst Meeting Ever, Part 2" - Bloomberg

Coming Soon: "OPEC's Worst Meeting Ever, Part 2" - Bloomberg:

"You know how, a few years after a Hollywood blockbuster gets released, it seems to get a remake? Well, it looks Saudi-Arabia’s oil minister Khalid Al-Falih is setting himself up to reboot his predecessor's 2011 hit – "OPEC's Worst Meeting." His starting point is an about face. Al-Falih had said as recently as April that the group’s output cuts should be extended and the goalposts moved. But in what looks like a response to President Donald Trump's April 20 tweet attacking the group, Saudi Arabia has gone from advocating higher prices to trying to stop the rally at $80 a barrel."



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