Cautious times, page-54

It is open to all OPEC (Oil Producing exporting Countries) 13 in total I believe and non OPEC members such as a big names like Russia and USA.
Those that have said yes to the invite are Saudi Arabia (the self proclaimed leader or OPEC due to export amounts), Russia, Kuwait, Nigeria, UAE, Indonesia, Venezuela, Bahrain, Algeria, Oman, Ecuador, and the host Qatar.
My understanding is that OPEC is divided by those wanting a deal to reset oil as all the countries mentioned are suffering horribly because of the oil prices, Some more than others. UAE is manging well due to their ability to manage the country without the Reliance of oil. I am really looking forward to the outcome, not just because of 88E as we are not producing however heightened prices obviously have a positive effect on the SP and acreage prix. I think it will be interesting to see Saudi have to maybe admit defeat which in the 60 years of producing oil has never happened and would be a hard pill to swallow.
I belive the next meeting after this should be September, so I would guess if nothing comes from this then the September meeting will be even more interesting with what I would imagine a more divided OPEC.
As mentioned long term of we last that long this will only be a positive for 88E IMO as there will be lag in oil consumed and new oil found ultimately driving the POO up just in time.

IMO, DYOR blah blah blah