Iran's oil minister says not pessimistic about a compromise
- There is a good chance of of an agreement - Iraq
- Expects an agreement from everyone - Kuwait
- Will find a way even if Iran says no initially - Kuwait
- There is an agreement with all countries - Venezuela
- Good meeting with Saudi oil minister earlier - Iran
- If 1 million bpd proposal goes through, it will be distributed pro-rata - Saudi
- OPEC+ agreement will see a change of structure - Iraq
- OPEC will meet again in Sept and make adjustments as needed - Saudi
- Iran is on board with size of cuts but implementation remains unsure - Nigeria
- Cannot give range of output increase for OPEC+ agreement yet - Iraq
- Discussions so far is in the range of 1 to 1.2 million bpd increase - Nigeria
- Oil supply decrease will be gradual - Saudi
- There is a likelihood of reaching an agreement - Iran
- Output rise will take effect in July but impact can only be seen in the summer - Saudi
- $70 is a very good price for oil - Iran
- Japan has not halted purchases of Iranian oil - Iran
- OPEC has left politics out of this negotiation - Saudi
- Does not expect unanimity in meeting later - Iraq
- OPEC doesn't need instructions from Trump - Iran
What a load of noise. They're going back and forth with all the comments and there doesn't seem to be a clear narrative as the meeting looks set to begin soon. It's a whole lot of hooblah at this point, and at the end of the day we're just going to have to wait for the official communique to be released.
