Replay | Energy Policy: OPEC Meeting Preview
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CLICK LINK above to hear replay of today's client conference call 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 provided 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 discussed:
- 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