At the OPEC meeting, the Saudis will not change anything, but the rest of the participants will push them

This Friday will be held
regular meeting of the OPEC member countries,
which will once again discuss the
global issues and to address common
Problems. Oil prices have recently reached
July lows. As expected, the meeting
December 4th cartel again did not take
no serious action. "A meeting
held on Friday, we will discuss all
questions - Saudi oil minister said
Arabia's Ali al-Naimi on Tuesday. - We
We listen to everyone and then make a decision".
Very interesting he recently answered a question
about whether Saudi Arabia
stick to your security strategy
own markets by competing
supplies - he said: "Who said,
that we adhere to the security policy
market share? Have I ever told you that?"

Analyst Bill Loveless
from USA Today is divided
his thoughts on the upcoming
meeting: "Six months ago,
when the OPEC countries were preparing for the meeting,
I wrote that the event is likely,
It is only the calm before the storm. At the
while oil prices have just demonstrated
jump up, suggesting that the strategy
OPEC pumping oil to protect their
market share and to put pressure
more expensive in oil production
in the US and other countries somehow weakened.

More importantly,
Iran was just a few steps away from
reaching an agreement with the United
States and other world powers
over Tehran's nuclear program,
which could give the green light to
lifting of Western sanctions against
export of Iranian oil.

I, like
other observers of the oil market,
basically I guessed what happened on
OPEC meeting on June 5, but I thought at the time that
the next meeting of the cartel on December 4
It will be much more alive. By that time (I
suggested) would deal with Iran
signed, if not implemented, and
the people will be ready to see again
OPEC as a leader in the world
oil markets. Indeed, some storm
this Friday, may have expected,
when OPEC ministers will meet again in
Vienna. "

Iranian Oil Minister
Bijan Namdar Zanganeh, by the way, one of these days
I sent a letter to OPEC calling
reduce excess production.
It is necessary to reduce the current production at 31.3 million
barrels per day, to return to the
is still a limit of 30 million, writes Zanganeh.
By the way, it is possible that the cartel,
on the contrary, the meeting decides to raise
the maximum production level to 31 million
barrels per day.

"Nothing of that
we see does not suggest that the Saudis have become
look at the situation is somehow different.
And it's strange, because in some of Iran
relations - like an elephant on the coffee
table, - said Robert Maknelli,
a former adviser to George W. Bush on energy
and now president of the Rapidan Group. - But as
sanctions have not been lifted and OPEC
often have to deal with such
things Iran can not be on the agenda
day, though it will remain for all to see".

Much more interest
for the oil ministers of the fall
Oil prices, which took another
a steep decline from the levels of $ 67 a barrel
May to the current $ 44 per barrel. "Poor" OPEC members,
such as Venezuela and Nigeria, will be
again calling for the reduction of levels
OPEC production of 30 million barrels in
day, but "rich" producers
led by Saudi Arabia, which
still produces a great position
quotas, do not even look at low prices.

"Other OPEC members say they
They know who should cut back on production -
McNally says. - But this is not the Saudis
ready". In fact, Saudi Arabia
can not afford to wait for another,
before thinking about any changes
in oil production. Experts think
what else about a year the Saudis well
survive even at current prices
oil. As for the next
OPEC meeting, it may again be
calm before the storm - in June, when
Oil ministers will meet again.