Former Saudi Oil minister, Ali Al-Naimi: OPEC cannot cut output by itself

Market news

4 November 2016

Former Saudi Oil minister, Ali Al-Naimi: OPEC cannot cut output by itself

Efforts to get producers to cooperate in 2014 failed
None of the OPEC ministers wanted to cut in 2014
OPEC cannot cut output by itself
It is great that other producers now think about cooperating
Hopes OPEC members will reach a decision 30th Nov
It would be nonsense to leave fossil fuels in the ground

Eurozone: Producer Price Index (YoY), September -1.5% (forecast -1.8%)

Goldman Maintains $1.20 Sterling Year-end Forecast

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