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What can we expect from the OPEC meeting in Vienna?
There is high drama in Vienna, where oil ministers from OPEC are meeting. A deal to curtail oil production and prop up the price of crude has suffered a setback, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action. Iran’s oil minister has declared that his country will not cut oil production. To look ahead to the meeting, Kevin Baxter, Global Commodities Spot News Editor at the Wall Street Journal, joined Share Radio Breakfast.
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By Share RadioThere is high drama in Vienna, where oil ministers from OPEC are meeting. A deal to curtail oil production and prop up the price of crude has suffered a setback, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action. Iran’s oil minister has declared that his country will not cut oil production. To look ahead to the meeting, Kevin Baxter, Global Commodities Spot News Editor at the Wall Street Journal, joined Share Radio Breakfast.