The well-known analyst of the oil sector, Gary Ross, expects the OPEC to keep its oil production unchanged at its next meeting on December 04

Market news

3 November 2015

The well-known analyst of the oil sector, Gary Ross, expects the OPEC to keep its oil production unchanged at its next meeting on December 04

The well-known analyst of the oil sector, Gary Ross, said in an interview on Monday that he expects the OPEC to keep its oil production unchanged at its next meeting on December 04.

He noted that the global oil consumption will rise, while oil output from non-OPEC countries will fall next year.

Ross also said that he expects Brent crude to rise to $70 a barrel by the end of 2016.

He correctly predicted last year's drop in oil prices.

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