Why OPEC Won't Agree to an Oil Deal (Yet)

Why OPEC Won’t Agree to an Oil Deal (Yet)

by | published August 25th, 2016

The market is once again awash with rumors of a new OPEC deal to cut or freeze oil production. CCTV wanted to know what to make of this, so they invited Dr. Kent Moors to explain.

In this video, Kent explains why you shouldn’t believe the rumors about a deal in September… but also why a deal is likely later this year, despite internal OPEC rivalries, and where oil is headed in Q1 2017.

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  1. September 3rd, 2016 at 10:04 | #1

    True experience is the best teacher

  2. Chuck
    September 13th, 2016 at 07:28 | #2

    I’ve read some Oil experts claiming the Bakken field has reached its peak and will now be in decline. Any truth to that?

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