17.08.2016 - Will OPEC agree to freeze output in Sept? Kemp
OPEC and non-OPEC countries are again flirting with the idea of a production freeze to accelerate oil-market rebalancing, according to recent statements by several oil ministers. "Rebalancing is already taking place," Saudi Energy Minister Khalid Al-Falih observed in comments published on Saturday, which had already leaked on Thursday. "We are on track and prices should reflect that," the minister explained. Current prices were unsustainably low and the minister blamed the "large short positioning" in the oil market for causing prices to "undershoot"...............................................Full Article: Source
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