OPEC's Meeting To Be "One of Worst Ever"

[Marina Schwarz + 1,576]

"I think OPEC will try to somehow moderate the current situation but it will be very difficult given their opposite sides and the huge difference and the divergence in the views from the countries with no spare capacity like Iran and Iraq on one side who are pushing for no production increase and the others like Russia and Saudi Arabia and Kuwait who have more spare capacity and are wishing to increase production on the other side," says Commerzbank's Eugen Weinberg, one of the more level-headed commodity exports out there. This should be fun.