OPEC meets today (Thursday 25 May 2017) and they've inveted the neighbours (well, non-OPEC)

  • The meeting kicks off at 10am in Vienna (that's 0800GMT) with a 'member's only' chat - OPEC only
  • Non-OPEC is invited in at 3pm Vienna time (1300GMT)
  • AND ... it should be all over by 5pm Vienna time (1500GMT) when Mohammed Barkindo, Secretary General of OPEC and Russian energy minister Alexander Novak hold a press conference

An extension of the production cut accord seems inked in, most likely 9 months (Watch out for a 'sell the fact' response ... IMO)

  • If its only 6 months that'll likely be viewed as a disappointment
  • Any further production cuts would be a beat