Sunday 17 June 2018

Will the Opec meeting deliver oil production boost? | Financial Times

Will the Opec meeting deliver oil production boost? | Financial Times:

"Oil prices have been under pressure amid expectations that Saudi Arabia and Russia will take steps next week to increase output after more than a year of supply curbs. Energy ministers from Opec countries and those outside the cartel are meeting in Vienna this week [June 22-23] to debate oil policy with traders and market analysts questioning how far countries will go. There is consensus between the Saudis and Russians that production should be increased “gradually” if deemed necessary, and the market should be supported by “reliable and sufficient oil supplies”."



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