OPEC again failed to declare output quota at last Thursday’s meeting. This was not surprising in itself, as nobody expected the organization to come forward with such a statement. The divisions within the organization are simply too great and the Iranian position was clear from the outset.
That said, OPEC’s strategy of pressuring high-cost producers appears to be working slowly, but surely say Sijbren de Jong (HCSS) and Cyril Widdershoven (MEA Risks) to Anadolu News Agency from Turkey.
The full interview can be read here.
