Some good OPEC chat from Julian Lee, Bloomberg

November 25, 2019 by Jim Colburn Leave a Comment

Julian Lee has a good piece on the upcoming OPEC meeting, here… The opening paragraph sums it up nicely:

”In less than two weeks, OPEC and its allies are due to meet to decide on the next phase of their deal for managing the supply of crude oil, and therefore its price. Expect them to decide to do nothing for another six months, kicking the can further down the road even though their own forecasts show a need for deeper cuts to balance the market.”

It’s all about expected supply,

and demand,

and the risk of getting oil to market,

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