OPEC & friends last chance to swing sentiment in the oil market this year

OPEC & friends last chance to swing sentiment in the oil market this year

This is an opinion piece on Bloomberg, worth checking out

It argues that OPEC and associated producers "are facing their last chance to swing sentiment in the oil market this year"

  • Compliance with output cuts has been better for longer than for any other deal in the group's history
  • But now they must decide whether or not to extend their agreement after it expires at the end of March
  • Previous price gains have quickly run out of steam, and this one may need some help

OPEC and others meet on November 30Link is here
Original Article