OPEC’s Output Freeze: What Has Changed Since Doha?
Green Car Congress
AUGUST 25, 2016
The official chatter is that the OPEC meeting in Algeria from September 26 to 28 could conclude with an agreement to freeze production by the member nations, with even Russia joining forces in a freeze that may prevent further oil price erosion. The question is, how many times can the Saudis cry wolf without forever losing the ability to leverage this chatter to affect a rise in oil prices? What has changed from Doha to Algeria? Market Background Oil