Whilst there is an emergency meeting, in the sense that a meeting date has been brought forward, it would be wrong to assume that the result will be a cut in production. Amongst other things:
1. there are serious seconomic risks if OPEC reduces production (or more to the point sale) and it will be mindful of those;
2. even if OPEC reduces, there are non OPEC producers who can fill the gap.
Still, I have cheerfully increased my CVN holding.
is opec meeting to reduce production of oil, page-2
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $357.8M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.5¢ | $183.3K | 924.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1015173 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 485462 | 9 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |