Representatives from some OPEC & non-OPEC oil producers meet in Abu Dhabi today and tomorrow (7 and 8 August)

  • Discussion will centre on why some are failing to cut production in line with pledges
  • Meeting will be co-chaired by Kuwait and Russia
  • The meeting will examine issues such as monitoring sources (used by OPEC to assess compliance) overestimating production

So, a heads-up for oil traders; potential headline comments to watch out for