On Wednesday meet oljekartellet Opec in Vienna to decide whether to cut or not in production. The decision could lead to an oil price of 40 or 60 dollars, believe oljeanalytiker Torbjørn Kjus of DnB Markets.
While it goes in mulled wine and austrian food options on the outside of the large building in the middle of the city’s finanskvartal, sitting oljetoppene in the mighty oljekartellet and negotiate the strategy forward. A decision that has consequences for the entire world economy, and especially for the oil-producing countries such as Norway.
the Cartel meets once in six months.
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