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The OPEC Dilemma: Is Oil Market Weakness Short-Term Or Long?

December 4, 2019

Via: Forbes

As OPEC and its allies meet this week in Vienna, some pundits anticipate they will seek to reassure nervous markets with additional production cuts. Expectations that next year will see a growing oil surplus if nothing is done have already caused some price weakness, although talk of a tougher line has raised prices in the past few days. It is guaranteed that calls for stricter compliance will be made, since they always are, and the attention will be on Iraq and Russia, the only two major producers who are noticeably out of compliance.

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