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    Some rumours from the OPEC’s meeting

    Here are the latest rumours from the OPEC’s meeting. As we can see, it seems that any deal is unlikely at the moment:

    • 2 OPEC Sources: Little Progress At OPEC Meeting So Far
    • Iran’s Position Makes Agreement On Oil Output Ceiling At Meeting Unlikely

    In addition from the Saudi Arabia:

    • Saudi Arabia is concerned about effect of low prices
    • Saudi Arabia does not want to see an oil shock

    Given it all we are sceptical that the deal will be reached and so is the market. The oil losses 40 cents after the news hit the wires. 

    Any person acting on this information does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.

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