EnergyWatch

Chief strategist: OPEC, oil price will lose without output delay

Oil prices stand to be significantly impacted when OPEC meets next week to negotiate output quotas.

Photo: Jan Unger

When the Organization of the Petroleum Exporting Countries meets next week, the big question will be to whether the planned production increase of 2 million barrels per day, set to take effect from January next year, will be upheld or postponed.

In reality, though, there's not much to debate regarding the outcome, according to Chief Strategist Frederik Engholm from Danish financial group Nykredit.

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