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OPEC deal: Will it crumble soon?
Jun 26:
Find out more on how the OPEC initiative on a supply cut has fizzed out and oil prices have begun to crumble
8There was some talk about even deeper output cuts but they have now been scotched.
8The OPEC deal has now become potentially more complicated by political and diplomatic changes.
8Two key brokers -- Algeria and Qatar -- who helped members such as Saudi Arabia and Iran overcome their differences to bring about the deal are now out of the picture. Algeria’s oil minister was dismissed as part of a cabinet reshuffle while Qatar is under a regional blockade imposed by Saudi Arabia as a punishment for its ties to Iran.
8OPEC and its allies are now left with little maneuvering capacity to boost prices.
Click on Reports for more
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8There was some talk about even deeper output cuts but they have now been scotched.
8The OPEC deal has now become potentially more complicated by political and diplomatic changes.
8Two key brokers -- Algeria and Qatar -- who helped members such as Saudi Arabia and Iran overcome their differences to bring about the deal are now out of the picture. Algeria’s oil minister was dismissed as part of a cabinet reshuffle while Qatar is under a regional blockade imposed by Saudi Arabia as a punishment for its ties to Iran.
8OPEC and its allies are now left with little maneuvering capacity to boost prices.
Click on Reports for more
