Oil Volatility is Close

OPEC meeting

Sources said that the OPEC+ group of oil producing countries will discuss a reduction in oil production by 400,000 barrels per day. With this measure, oil companies hope to create an increase in the price of oil, and for Saudi Arabia this is a fundamental task, because the IPO of Saudi Aramco is approaching.

Difficulties during the meetings may arise with Russia, as the country wants to revise the methodology for calculating production quotas and exclude gas condensate production from it. The meeting with OPEC and Russia will be held on December 6.

Whatever the decision, the market may stagger.




Neutral or Buy carefully

Neutral or Sell carefully

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