Liam Denning, Columnist

OPEC Is the Oil Producer of an Unlikely Future

The group’s demand forecasts don’t gibe with reality.

September 24, 2018 at 4:07 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

Outlook hazy.
Photographer: Ryad Kramdi/AFP/Getty Images

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By delivering a half-shrug to President Donald Trump over the weekend, OPEC’s other message was somewhat lost in the shuffle.

Sunday’s meeting of the committee overseeing the oil exporters’ club’s supply agreement with some other producers (Russia, mainly) didn’t produce the output hike Trump’s latest tweet all but demanded. Oil prices duly rallied Monday morning.