{"id":1440981,"date":"2023-11-28T13:25:00","date_gmt":"2023-11-28T18:25:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1440981"},"modified":"2023-11-28T13:25:00","modified_gmt":"2023-11-28T18:25:00","slug":"oil-slides-on-fresh-opec-discord-headlines","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/oil-slides-on-fresh-opec-discord-headlines\/1440981\/","title":{"rendered":"Oil Slides On Fresh OPEC+ Discord Headlines"},"content":{"rendered":"

Oil Slides On Fresh OPEC+ Discord Headlines<\/span><\/p>\n

\n

What would an OPEC+ meeting week be without the parade of strawman, market-testing headlines dropped to gauge traders’ stress levels.<\/p>\n

OPEC is set to hold an online meeting on Thursday<\/strong>, ahead of OPEC+ meeting later in the day to decide future oil production policy, a source said according to Reuters.<\/p>\n

The meeting, which was postponed two days ago, is rescheduled at 4:00 PM KSA on Thursday<\/strong> according to a draft agenda seen by the news agency.<\/p>\n

This morning,<\/strong> Reuters reports that, according to four sources:<\/p>\n

“talks are difficult<\/strong>” (well, no news there)<\/em><\/p>\n

“a further delay <\/strong>is possible” (possible… not probable)<\/em><\/p>\n

“policy rollover <\/strong>is a possibility” (that’s the kicker, we suspect, as bulls are clearly hoping for more cuts)<\/em><\/p>\n

Bloomberg also confirms that, according to delegates,\u00a0OPEC+ is no closer to resolving the deadlock over oil-output quotas for some African members<\/strong> that has already forced the group to delay a critical meeting amid faltering prices.<\/p>\n

The Saudi-led alliance hasn\u2019t been able to reach an agreement with Angola and Nigeria,<\/strong> which are pushing back against lower quota limits for 2024, which reflect their diminished production capabilities.<\/p>\n

The reaction was swift from the algos…<\/p>\n

<\/a><\/p>\n

We await the denials – or confirmations.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nTue, 11\/28\/2023 – 08:25<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/energy\/oil-slides-fresh-opec-discord-headlines<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

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