Don’t Count On An OPEC Deal Extension

A year ago this week, markets reeled from the surprise
election of U.S. president Donald Trump, and eagerly awaited OPEC’s
November meeting as the last hope for an oil price rally. This
year, all eyes are on the Middle East, the Saudi political purge,
and the heating-up of tensions between the kingdom and Iran.
Meanwhile, OPEC once again prepares for its November 30 meeting in
Vienna, where most expect it will announce another extension of its
oil production cut agreement. Bloomberg Gadfly’s Liam Denning’s
recent account of the…

A year ago this week, markets reeled from the surprise
election of U.S. president Donald Trump, and eagerly awaited OPEC’s
November meeting as the last hope for an oil price rally. This
year, all eyes are on the Middle East, the Saudi political purge,
and the heating-up of tensions between the kingdom and Iran.
Meanwhile, OPEC once again prepares for its November 30 meeting in
Vienna, where most expect it will announce another extension of its
oil production cut agreement. Bloomberg Gadfly’s Liam Denning’s
recent account of the…