No 04



OPEC Ministers Focused On Timing Of Output Cut To Counter 2Q Stockbuild

Resurgent oil prices, which hit 10-month highs in recent days on a combination of low stocks, cold US weather and the ongoing political risk premium, have made any discussions of a possible cut in production by OPEC more politically sensitive. For this reason, it will be the twin factors of price and politics that will drive talks on the timing of an output cut, when OPEC oil ministers...