Expect An Extension Of The OPEC Deal

The oil market is moving in the right direction towards
rebalancing, but all options, including extending the cuts beyond
March 2018, are left open, the joint OPEC/non-OPEC committee set up
to monitor compliance with the cuts and the state of the oil market
said on Thursday. The Joint OPEC-Non-OPEC Ministerial Monitoring
Committee (JMMC)—which has been holding meetings in Vienna this
week to discuss slipping conformity with the
pledges—pointed to a better-than-expected global oil demand growth
for this year, and expectations…

The oil market is moving in the right direction towards
rebalancing, but all options, including extending the cuts beyond
March 2018, are left open, the joint OPEC/non-OPEC committee set up
to monitor compliance with the cuts and the state of the oil market
said on Thursday. The Joint OPEC-Non-OPEC Ministerial Monitoring
Committee (JMMC)—which has been holding meetings in Vienna this
week to discuss slipping conformity with the
pledges—pointed to a better-than-expected global oil demand growth
for this year, and expectations…