OPEC hosts its bi-annual meeting on Thursday in Vienna, Austria. It will be important, interesting and unusual on a number of levels.
Here are the top 5 storylines around OPEC right now:
1. New Saudi minister. New strategy, too?
In September, Saudi King Salman bin Abdulaziz abruptly replaced his nation’s energy minister with one of his sons. The shift wasn’t just administrative. It could also signal a shift in strategy for the Saudis. The previous energy minister, Khalid Al-Falih, worked hard to build a price stabilization model at OPEC by urging member countries to agree to an output decision and stick to it. What’s unknown is whether the new minister, Prince Abdul Aziz bin Salman, also…
Source cnbc.com