Oil prices could rise above $50 a barrel should Organisation of Petroleum Exporting Countries (OPEC) come to an agreement to cut oil production on Wednesday. After reaching a preliminary agreement in Algiers in September to cap oil output around 32.5-33 million barrels per day, experts are expecting members of the cartel to thrash out a new agreement which will further cub supply. But rather than looking to boost the oil price, analysts say that OPEC should be looking to achieve a sustainable oil price that avoids the lows seen in February 2016 of $26 per barrel. Sean Evers, Managing Director at Gulf Intelligence, said member states needed to exceed the Algiers agreement.
Sean Evers Managing Director at Gulf Intelligence
Mubadala announces $600M investment in Nord Anglia Education
Shein, Temu to hike prices under pressure from Trump's trade policies
US issues new sanctions targeting Chinese importers of Iranian oil
IATA: Aviation sector contributes $92 billion to UAE economy
Nvidia faces $5.5 billion charge as US restricts chip sales to China
