DUBAI (Reuters) - OPEC and its allies will not hold their emergency virtual meeting on Monday and will likely postpone it until April 8 or 9 to allow more time for negotiations among oil producers on crude supply cuts, two OPEC sources said on Saturday.
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OPEC+ emergency meeting likely to be postponed to April 8 or 9 - OPEC sources
Published 04/04/2020, 09:56
Updated 04/04/2020, 12:15
OPEC+ emergency meeting likely to be postponed to April 8 or 9 - OPEC sources
Latest comments
Oil and market will drop below 20$...
Oil will go down heavily Sunday night
oil price may go down on next monday !!!
may not.
not go down minimum renge of crude 30$-35$ aftre opec meeting it will show price ********55$
$30 to $35 no PLANES in the sky no cars on the road in the UK, France, Spain, Italy, Usa, India and moreTheres so much oil in the world they are storing in sea tankers...High Supply Low Demand = and in crease in oil prices?
News have been confirmed..? It's just 'likely' so far ...
How will this effect the CL price on monday opening?
Down i think
just postpone only..not say won't cut..however sooner or later they will sure cut..at the end of the day nobody will benefit from low oil price..
russia and SA will. The us shale producers will go bankrupt long before them, they willl retain market share, as intended, and some of the overproduction will be relieved which should lead to higher prices. Thus they don't mind waiting it out, they can afford to do so for longer and cut production after the competition fails.
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