Is an Oil Output Freeze Realistic?
OPEC expects oil prices to rebound to a “moderate” level even if Iran doesn’t join other producers in an agreement to freeze production. About 15 or 16 nations will attend the freeze discussions in Doha, Qatar, onApril 17, Abdalla El-Badri, secretary-general of the Organization of Petroleum Exporting Countries, said at a press conference in Vienna on Monday. While all members of the group have been invited, not all will attend and he didn’t know whether Iran will join in. ADS Securities CEO Philippe Ghanem and JPMorgan Chase Global Market Strategist David Stubbs discuss with Bloomberg’s Anna Edwards and Manus Cranny on “countdown.”
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Oil Holds Gains as U.S. Drilling Slows
43:15 - Independent Energy Analyst and Economist Anas Alhajji discusses the price and production of oil. He speaks on "Bloomberg Markets: Middle East." (Source: Bloomberg)