Malcolm Graham-Wood
Independent Analyst
The lull before the storm as oil markets are fairly quiet ahead of the meeting in Doha on Sunday. The link below is for an interview I did yesterday with IGTV in which I go through the various scenarios that might unfold. Basically I think that there will be an agreement cobbled together with a certain amount of lipstick applied if it looks like it needs it, and it probably will. Given that we know that the deal will be ‘loosely framed’ and with ‘few detailed commitments’ the market shouldn’t expect too much. Having said all that the risk in the oil price is two fold, probably a small rise immediately after an ‘historic accord’ followed by more detailed analysis which will reveal little substance and easily open to cheating with little visibility, so just like Opec of the old days then…
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