Related Articles
Forward article link
Share PDF with colleagues

Five things to bear in mind about the Opec meeting

Opec will gather in Vienna on 2 June to talk about freezing oil production. Few expect a deal will be made

Most of the group’s members will gather in Vienna on 2 June to talk about freezing oil output. Momentum towards forging a deal is lackluster and internal rivalries show no signs of abating. Here are a few things to bear in mind ahead of the meeting. 1) No one expects Vienna to succeed where Doha failed Despite the hopes of Middle Eastern member states that a deal can be achieved to shore up prices, few industry observers expect an agreement will be forthcoming in Vienna. As Derek Brower wrote in April the Doha talks were a failure of epic proportions. Saudi-Iranian rivalry thwarted prospects of a deal being struck, as Riyadh insisted that Tehran must comply with a coordinated freeze. Thi

Also in this section
Nigeria's election hangs over energy sector
19 April 2018
Africa's biggest economy is growing again. But next year's vote is stalling reform and investment in its crucial energy sector
Syria: ruthless business as usual
18 April 2018
The joint US-UK-French strikes on chemicals targets in Syria won’t affect the war—but they could damage Trump's image in the region
Elections a new rupture point in Venezuela crisis
16 April 2018
A Maduro loss in May's election could be a turning point, but recovery will be lengthy