A difficult OPEC meeting.. WSJ – Commodity Research Group

November 30, 2018 by Jim Colburn Leave a Comment

Next week’s OPEC meeting should be an interesting one… Here is the oil price chart with implied volatility from barchart.com:

Benoit Faucon in London and Summer Said, Wall Street Journal, have a nice piece, here, previewing next week’s OPEC meeting:

“Saudi Arabia should absorb much of the impact of output curbs because it flooded markets under U.S. pressure, the officials say. The Saudis “made this mess. They need to clean it up,” said a Middle Eastern oil official who will attend the meeting.”

Their chart of Saudi oil production helps explain the recent price collapse:

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

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