Former Energy Minister of Algeria, Nordine Ait-Laoussine, was reported by Reuters, as saying that the upcoming OPEC and non-OPEC producers’ meeting next month in Vienna is expected to be challenging one, as there could be a conflict of interests on the output cuts deal. Key Quotes: “The union demonstrated by OPEC and non-OPEC in the last 18 months is going to be tested in June.” Although there seems to be no spat now among OPEC and its allies, “there may be a dispute down the road.” “It’s rational from the point of view of Iran, Venezuela, Nigeria, Libya, Algeria, Angola to oppose,” adding that Saudi Arabia and Russia will have to demonstrate that higher prices are “bad” for OPEC and other producers. “Can they do that within a few-hour meeting? It takes so much more than that.” Saudi Arabia and Russia have both said they won’t take a decision on their own and that the opinions of all their partners will count. “This is one of the elements which is probably going to appear in the discussion in June — who are you to decide? We are supposed to be an organization.” “There is a tendency that Russia and Saudi Arabia just carry the ball by themselves.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Canada: FDI net inflows turn positive for the first time since 2015 – NBF FX Street 5 years Former Energy Minister of Algeria, Nordine Ait-Laoussine, was reported by Reuters, as saying that the upcoming OPEC and non-OPEC producers' meeting next month in Vienna is expected to be challenging one, as there could be a conflict of interests on the output cuts deal. Key Quotes: "The union demonstrated by OPEC and non-OPEC in the last 18 months is going to be tested in June." Although there seems to be no spat now among OPEC and its allies, "there may be a dispute down the road." "It's rational from the point of view of Iran, Venezuela, Nigeria, Libya, Algeria, Angola… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
