I’m watching this OPEC situation like a HAWK … this is getting serious!
We all view the word “soon” with a bit of disdain, but it’s starting to taste a little better every day.
This rolled across my desk bright and early this morning:
“Optimism ahead of OPEC meeting drives U.S. crude oil back above $50”
But the real reason for this post is to clarify the next OPEC meeting date.
I was mistaken earlier this week, the meeting is not on the 27th… it’s on the 25th.
Ramadan starts on the 26th.
Could the 25th or 26th be our day?
It’s possible, if Iraq is given a clear exemption from the OPEC oil production deal (the same deal that Russia and Saudi Arabia have already agreed to).