Comments coming out of Vienna
- OPEC agrees in principle to 9 month extension
- OPEC says it will monitor output cuts deal every three months
Saudi oil min
- OPEC must do more because overhang remains
- We’re entering a period of lower oil demand
- Inventories have not reached comfportable levels
- Most of OPEC favout an extension of at least 6 months, 9 max
All these comments are coming out from various OPEC delegates in and arouind the meeting. These are not the final decisions but doorstep comments.
You can watch the pre-meeting interviews live from OPEC.