Ministers In Bullish Mood With Third Straight Roll-Over
OPEC ministers, meeting in Vienna on 31 May, rolled over their 30mn b/d output ceiling on the third consecutive occasion. A general sense of confidence pervaded the meeting with prices for the OPEC basket looking to register a third straight year at over $100/B.
“Let me tell you, this is the best environment for the market - supply is plentiful - demand is great - inventories in balance -...