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2015-12-04 21:35:00

OPEC OIL UNCHANGED

OPEC OIL UNCHANGED

An internal OPEC document written to prepare a crucial meeting Friday warns oil prices will remain under pressure in the near future while markets would remain oversupplied even if the cartel cut its production.

The analysis, which was reviewed exclusively by The Wall Street Journal, underscores the conundrum faced by the Organization of the Petroleum Exporting Countries as it tries to respond to an oil price slump. At the meeting Friday in Vienna, a heated debate is expected between a faction that wants a reduction in production to boost…

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Tags: OPEC, SAUDI, OIL, PRICES, PRODUCTION
Chronicle:
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