Energy Views

OPEC meetings have become non-events. This is because they no longer have a huge surplus of oil available. (In fact, Venezuela and Iran have seen significant declines in their production.) OPEC member’s need for cash no longer gives them the ability to withhold oil from the market. So the most we can expect is some discussions about maintaining prices as high as possible for crude oil.

MarketWatch quoted me again in this story about the topic:

Oil’s volatility has made OPEC unusually silent

This entry was posted on Sunday, September 10th, 2006 at 8:11 pm and is filed under Energy, Oil.