Will New Leader Signal a New Dawn For OPEC?
OPEC will stick to its policy of unfettered production after members rejected a proposal to adopt a new output ceiling, but ministers were united in their optimism that global oil markets are improving. While crude prices dipped briefly after Thursday’s meeting, there was little of the rancor that punctuated last December’s gathering. The more harmonious atmosphere meant the group was able to appoint a new secretary-general -- Nigeria’s Mohammed Barkindo -- something it hadn’t been able to agree on since 2012. Bloomberg's Will Kennedy reports and UBS Global Macro Strategist Ramin Nakisa discusses with Bloomberg's Anna Edwards on "Countdown."