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OPEC considers output cuts; will they be worth it?

From xm.com

At the end of 2019 analysts were positive that crude markets may be at the start of a bull run but China’s deadly coronavirus put a damper on those hopes in January. Amid fears of a collapse in demand, OPEC and its partners recommended further production cuts on top of an ongoing pact, but Russia decided to take more time to investigate the case, making markets wondering whether such an action would make much of a difference to the price outlook. Even though China and the rest of the world have taken strict measures to contain the coronavirus, uncertainty remains about when the disease will reach a peak as there is ... (full story)

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  • Category: Fundamental Analysis