Environment

OPEC+’s mixed messages, recession fears make it too early to buy the dip on our oil stocks

An Austrian soldier guards the entrance to the OPEC headquarters on October 4, 2022 on the eve of the 45th Meeting of the Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting held on October 05, in Vienna, Austria. 
Joe Klamar | AFP | Getty Images

A slide in crude oil prices has weighed on the Club’s three energy holdings. But given the uncertainty around OPEC+’s output policy ahead of a key meeting this weekend, coupled with growing concerns over the health of the global economy, we’re sitting tight on buying the dip — at least for now.

Articles You May Like

Anaesthetist jailed for 190 years for tampering with IV bags used in surgeries
Ørsted’s largest solar farm in the world is now online in Texas
Over 100 politicians from multiple countries condemn China over detention of tycoon Jimmy Lai
Anas Sarwar ‘right’ to distance himself from winter fuel cut, says Ruth Davidson
‘Love you bro’: Zayn Malik’s tribute to Liam Payne at first show since ex-bandmate died