The rhetoric is already all over the place with quotes from various ministers claiming what can be done and what cannot be done about OPEC production. You can follow the meeting on OPEC's web site. Tomorrow is a big day for a lot of energy oil traders. OPEC will be having its meeting on Dec 5th-6th in Vienna, Austria. Since October 2018, oil has dropped 35% and I have caught the tail wind of it and made some money. Judging by the looks of the global sentiment of the market, things are not looking good at all. OPEC must come up with a workable position – tomorrow – that is acceptable both within the organization and to Russia. There are no more excuses, no further opportunities to deflect the responsibility. It’s crunch time in Vienna. The future of OPEC, as well as the direction of oil prices, are at stake. OPEC must come up with a workable position – tomorrow – that is acceptable both within the organization and to Russia. There are no more excuses, no further opportunities to deflect the responsibility. It’s crunch time in Vienna. The future of OPEC, as well as the direction of oil prices, are at stake. Russia has decided not to attend the pivotal OPEC meeting tomorrow in Vienna. Remember, that’s the meeting where the oil cartel’s deal to cap or cut oil production, and boost oil prices is supposed to be finalized. But OPEC can’t do that alone. They need Russia, the largest non-OPEC oil producer in the world, for any deal to be effective.
23 May 2017 Oil investors shrugged off declining U.S. stockpiles as they held their breath ahead of OPEC's meeting on Thursday. 6 Dec 2018 What do you make of the OPEC meet, how important will it be? How do you see geopolitics play out at this all-important meeting today and tomorrow? will move the market in one direction for a sustained period of time.
22 Jun 2018 The 174th meeting of the OPEC Conference is scheduled to begin with its opening session at 10 a.m. local time, which will be 4 a.m. Eastern Our thoughts on the potential outcomes of the November 27, 2014 OPEC meeting in Vienna and how it is likely to impact oil prices. 4 Mar 2020 The oil cartel is slated to convene for its 178th meeting tomorrow, March CRUDE OIL PRICE CHART: WEEKLY TIME FRAME (JULY 2016 TO 23 May 2017 Oil investors shrugged off declining U.S. stockpiles as they held their breath ahead of OPEC's meeting on Thursday.
9 Nov 2018 OPEC's Joint Ministerial Monitoring Committee meets this weekend in Abu Dhabi before a meeting in Vienna in December where production 6 Dec 2018 What do you make of the OPEC meet, how important will it be? How do you see geopolitics play out at this all-important meeting today and tomorrow? will move the market in one direction for a sustained period of time.
Recently, OPEC meetings have not been what they used to be. The most obvious difference to most investors is that the twice-yearly gatherings no longer garner the kind of breathless, fearful OPEC must come up with a workable position – tomorrow – that is acceptable both within the organization and to Russia. There are no more excuses, no further opportunities to deflect the responsibility. It’s crunch time in Vienna. The future of OPEC, as well as the direction of oil prices, are at stake.