OPEC’s next official meeting on 30th November is being viewed by the markets as a make-or-break opportunity. A strong, credible deal to cap supply could put a floor under prices and help to rebalance the market. In contrast, if the group fails to agree on output cuts, prices could fall below $40 per barrel and OPEC would be hard pressed to convince investors that the group can still function. This Energy Watch examines some of the potential outcomes from the meeting and what they could mean for prices.
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