Mehdi Varzi
Mehdi Varzi
agreement compliance good key news oil percent sticking success
The key to the success of this agreement is its sticking power. If they get 75 percent compliance it's very good news for oil prices.
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.
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.
biggest growth output past russia seen threat
It is a threat to Russia in particular, which has seen the biggest growth in non-OPEC output in the past two years.
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,