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
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Last
19.8¢ |
Change
-0.003(1.25%) |
Mkt cap ! $353.3M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.5¢ | $23.83K | 121.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 1679965 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 705755 | 21 |
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| Last trade - 11.44am 10/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |