Some members are considering moving the meeting scheduled for March as soon as February. WTI crude oil has lost more than 14% since the beginning of the year.
According to the Algerian Energy Minister, a decision will be announced in the following days. Another inside source disclosed that the group might even meet as early as next week.
OPEC and its allies were scheduled to meet March 5-6 to discuss details about the future of oil-production cuts that expire at the end of March. The markets expect an extension or even an increase in production cuts.
The information presented herein does not constitute and does not intend to constitute Investment Advice. The information contained herewith is a compilation of public stock recommendations issued by various financial analysts and organized in an easily presentable format, for information purposes only. Key Way Investments Ltd does not influence nor has any input in formulating the information contained herein. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation. Users/readers should not rely solely on the information presented herewith and should do their research/analysis by also reading the actual underlying research. Users/readers should also consider the risk of encountering significant losses when trading CFDs. Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.