From Reuters:
All signs suggest a meeting of oil-producing countries on April 17 will deliver an agreement to freeze output, Kuwait’s OPEC governor and two sources said, suggesting Iran’s aim to raise supply will not scupper a deal aimed at supporting prices.
The Kuwaiti governor, Nawal Al-Fuzaia, also said in a speech at the country’s oil ministry that she expected the oil market to achieve a balance between supply and demand in the second half of this year, leading to higher average prices.
“There are positive indications an agreement will be reached during this meeting … an initial agreement on freezing production,” she said. The OPEC governor is usually a country’s No. 2 OPEC official, after the oil minister.
