Throughout the week, oil markets will remain focused on the OPEC meeting, which is scheduled for Thursday, while non-OPEC ministers (Russia) will meet on Friday. As it stands, the consensus is for OPEC to stick with its current production quotas of 1.2mbpd. However, recent source reports have hinted that Saudi Arabia are looking to deepen oil cuts by another 400kbpd and to last until at least June 2020, given that OPEC’s analysis expect a significant oil and inventory build in the first half of 2020. Consequently, in reaction to the source reports, oil prices are notably firmer, gaining over 2% with Brent looking to ... (full story)