The OPEC Meeting: What to expect?

“Ministers are close to agreeing on a cut with no decision yet on individual allocation, while prices have turned back by uncertainty over an OPEC deal” OPEC HQ in Vienna VIENNA- The OPEC 175th ministerial meeting is due to be held this morning in Vienna after the OPEC Joint Ministerial Monitoring Committee (JMMC) meeting was concluded which recommended a production cut of no less than 1 million barrel for six months. The optimism to reach an agreement has been observed so far. However, prices are still in decline despite the hope that a cut of more than a million barrel…

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