OPEC's Supply Wildcards Elevate Risk of Wrong Call in Vienna - Bloomberg:
"As OPEC meets to decide whether to increase oil production, the market is focused on the fear that Iran could block a deal. Yet risks are also lurking in a successful outcome to the talks. Saudi Arabia, the group’s biggest member, is intent on reviving crude production as global inventories shrink, prices near $80 a barrel threaten economic growth, and fellow producers Iran and Venezuela face potentially massive supply losses. Deciding the right amount to add will require a tough call on how much sanctions will cut Iran’s exports, and whether the crisis in Venezuela will worsen. Getting it wrong could flood world markets with unwanted supplies, a mistake the Organization of Petroleum Exporting Countries has made before at great cost."
'via Blog this'
No comments:
Post a Comment