A Reuters interview with Nigerian oil minister Emmanuel Ibe Kachiwku
- Mood inside the Organization of the Petroleum Exporting Countries (OPEC) is shifting
- Toward a growing consensus that a decision must be reached on how to end the global oil price rout
- "There's increased conversation going on. I think when we met in December ... they (OPEC members) were hardly talking to one another. Everyone was protecting their own positional logic
- Now I think you have cross-logic ... they are looking at what are the deficiencies, what is the optimum."
More at Reuters
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I mentioned on Friday what appears to be changing price behavior in oil. Its not like markets flick a switch from bear to bull (well, rarely), so don't go becoming a raging bull on the strength of these deveolpments, but likewise raging bears who've been content might like to take a look around and ask some questions.
