OPEC, Allies Meet as Oil Market Warns Them: Job's Not Done
- Oil producers to study compliance with output cuts on March 26
- They’ll continue the curbs in the second half, 13 analysts say
Analyst Sen Sees Oil Above $60 If OPEC Extends Deal
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OPEC and allies reviewing the impact of their oil cuts this weekend face a market with an unambiguous message: their work is far from done.
As producers meet in Kuwait to gauge how well they’ve implemented output cuts agreed on last year, talks will be overshadowed by the question of whether the persisting glut requires the curbs to be extended beyond the summer. With U.S. crude stockpiles swelling to record levels and prices sinking below $50 a barrel, OPEC and its partners have little choice but to keep going, according to all 13 analysts surveyed by Bloomberg.