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opec meeting/cold weather

Posted: Thu Nov 13, 2014 8:56 am
by llm_cfp
Dan,
Do you think the next opec meeting they will cut production?
Does the weather data you review indicate positive catalyst for NG or Oil?

Re: opec meeting/cold weather

Posted: Thu Nov 13, 2014 12:55 pm
by dan_s
Hard to tell what OPEC will do at their November 27 meeting, but most of the OPEC members need higher prices. Saudi Arabia holds most of the cards. Saudi production has already come down some. I think if some other OPEC members are willing to cut production, they will too.

Weather forecast is bullish for natural gas prices.
http://theweathercentre.blogspot.com/20 ... ecast.html