Just over a month remains until OPEC members assemble in Vienna for their semi-annual meeting. This November will mark one year since OPEC members and Russia agreed to a joint oil production cut that has been largely successful. Non-OPEC participants in the production cuts are again invited to join OPEC members in Vienna this coming November.
Producing countries are now in the process of deciding whether to support an extension of the production cut deal beyond the current March 2018 cut-off date.
This article was first published in investing.com