Oil: Focus on OPEC’s monitoring committee meet – BBH
|OPEC's monitoring committee meets in Russia at the beginning of the week and will be in the focus for oil market investors suggest the analysis team at BBH.
Key Quotes
“Private estimates point to increased OPEC output, not all of which is coming from Libya and Nigeria, which were excluded from the quotas. Efforts to coax them into capping output seem to have fallen on fallow fields. Ecuador's decision to drop out of the quota system, though not significant in terms, is a timely reminder that the agreement to cut output is finite, fragile, and does not appear to be particularly effective.”
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