Does OPEC See U.S. Oil Output as Half Full or Half Empty?

(Bloomberg Opinion) — Ahead of their meeting in Vienna later this week, OPEC’s oil ministers have done a good job of convincing themselves that they can simply decide to hold steady, and do no more than they’re already doing. That’s not surprising given they tend to err on the side of doing as little as possible because that’s often the easiest consensus to form among the group’s members.What’s interesting is how they will come to that conclusion, given the wealth of data out there and the myriad ways of slicing and dicing it. One reason for their complacency is that …read more

Source:: Yahoo Finance

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