Takeaway: Former OPEC President & Hedgeye's Joe McMonigle Discuss Prospects for Global Oil Production Cut Deal & Potential New Iran Problem.

TODAY - OIL CALL | OPEC+/G20 ENERGY MEETINGS PREVIEW @ 12:30 PM ET - Oil 040820

CONFERENCE CALL: OPEC+/G20 ENERGY MINISTERS MEETINGS PREVIEW

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Confirmation Number: 13701869

Join us for a conference call Wednesday April 8 at 12:30 PM US ET to preview the upcoming OPEC+ meeting on Thursday and G20 Energy Ministerial meeting on Friday.

Former OPEC President & Algerian Energy Minister Chakib Khelil and Hedgeye Senior Energy Policy Analyst Joe McMonigle will provide an update on global talks to reduce oil production by about 10 million barrels per day (b/d) and the impact of Tuesday's EIA report disclosing a big drop in US production in 2020. 

Among the topics we will discuss:

  • US Short Term Energy Outlook report released Tuesday showing a big drop in US oil production in 2020, the first decline since 2016.
  • US “contribution” to global cuts at the Friday G20 Energy Ministers meeting.
  • Will Saudi Arabia, Russia and other OPEC+ countries accept US market-derived cuts instead of government-mandated cuts?
  • Russia-Saudi disagreement on baseline for cuts and how will it be resolved.
  • The chances for a successful deal as well as the amount and breakdown of the production cuts.
  • New Iran threat to getting a deal.
  • Possible Next Steps from Trump Administration