Takeaway: OPEC will decide whether to extend its production cut agreement for another six months at the upcoming May 25 OPEC Meeting in Vienna

CALL DATE/TIME: Friday, May 12 at 11:00 AM Eastern Time

Go inside the next OPEC meeting on May 25 in Vienna on our OPEC Preview Conference Call with the former OPEC President and Algerian Energy Minister Chakib Khelil.

Leading the agenda at the meeting is a decision whether or not to extend the production cut agreement thru the rest of 2017. As we wrote in a note on Monday, OPEC appears to be floating a 9-month extension into 2018 instead of just renewing the current 6-month extension. Other media reports have suggested that OPEC may be considering deeper cuts - all in an effort to change the over-supply narrative.

Minister Khelil will take us inside the OPEC decision making process and discuss the following topics:

  • His and OPEC’s view of current market conditions;
  • Will Russia and other non-OPEC producers agree to renew their pledges and for how long;
  • Role of Iran and Iraq;
  • Outlook for Libya production and political situation; and
  • Preview action OPEC will take at the next meeting and beyond.

The call will be hosted by Hedgeye Potomac Research Senior Energy Policy Analyst Joe McMonigle who will also be attending the next OPEC meeting.

CALL INFO:

Friday, May 12 at 11:00 AM Eastern Time

Participating Dialing Instructions

Toll Free:

Toll:

UK: 0

Confirmation Number: 13661739