How Long Can OPEC Hold Out?

As oil prices are now hovering around $45 per barrel, the entire oil and gas industry is looking forward to the next OPEC meeting, due to be held on December 4 this year in Vienna. On October 14, non- OPEC member Mexico confirmed its participation in a technical meeting organized by the cartel on October 21 in Vienna to which seven other non-OPEC members were also invited.“We are going with a technical delegation to receive information and exchange it with other producers. But Mexico will not take part in any reduction in production volume,”…

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How Long Can OPEC Hold Out?

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