OPEC World Oil Outlook Sees An Unlikely Future - Bloomberg:
By delivering a half-shrug to President Donald Trump over the weekend, OPEC’s other message was somewhat lost in the shuffle.
Sunday’s meeting of the committee overseeing the oil exporters’ club’s supply agreement with some other producers (Russia, mainly) didn’t produce the output hike Trump’s latest tweet all but demanded. Oil prices duly rallied Monday morning.
This weekend also saw the release of OPEC’s World Oil Outlook, its annual forecast-fest known colloquially as the “WOO.” The 400-odd pages actually frame the weekend’s main event quite nicely.
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