Fade OPEC in Doha

Thursday 14 April 2016

So says Macquarie:

 On April 17th, OPEC members as well as other major producers have been invited to attend a meeting in Doha, Qatar to discuss a potential deal to freeze crude output at January levels.

 Logistically, we view a positive outcome from the Doha meeting as unlikely, given the following:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.