What’s at stake in tomorrow’s meeting… WSJ

December 9, 2016 by Jim Colburn Leave a Comment

The Wall Street Journal does a nice job today laying out some of the issues facing participants in this weekend’s OPEC/non-OPEC meeting:

“Russia’s commitment will be put to the test Saturday when it, and at least four other non-OPEC producers, gather at the cartel’s headquarters in Vienna for a meeting that was put off until OPEC had a deal. The non-OPEC countries—expected to include Sudan, South Sudan, Malaysia, Oman, Azerbaijan, Kazakhstan and Mexico—account for 18% of the world’s daily production.”

Opec is looking for 600,000 bpd in cuts from non-OPEC:

http://www.wsj.com/articles/opec-output-deal-faces-its-first-test-1481279581

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