Mehdi Varzi
Mehdi Varzi
among good key past position verge
But I would stress: I don't think OPEC is in a position where it is on the verge of near-breakdown as it has been in the past -- co-operation is still pretty good among the key member-countries.
beginning demand gas impact inventory peaked prices produce sure time
I think the impact will be slow, as I am not sure gas prices have peaked as yet, ... After all, it's the refiners that have got to get the crude, produce it and then put it into inventory at the very time that demand in the U.S. is beginning to rise.
abandoning basket lower prices question range slightly slip whether
The question is whether OPEC allows prices to slip to a slightly lower range without formally abandoning its basket price,