Saudi Energy Minister Khalid A. Al-Falih tells CNBC that the oil market has many variables that are hard to predict, when commenting on its production cut deal.
CNBC’s Steve Sedgwick gives his thoughts from the OPEC meeting so far, after speaking with the energy minister from Saudi Arabia.
OPEC producers reduced their output of oil in the period between January and April by a greater level than pledged, says Azlin Ahmad, Argus Media.
If OPEC decides to extend output cuts by at least nine months, oil prices could hit $60 a barrel, says Wayne Gordon, UBS.
Alan Bannister, S&P Global Platts, says a "super bull run" in the energy markets could be possible given current depletion rates and reduction in capex.
The duration of the OPEC-led output cuts are expected to be extended, but deeper cuts are unlikely, says Alan Bannister, S&P Global Platts.
Barnabas Gan, OCBC, says oil markets have priced in a nine-month extension of the OPEC-led output cuts, but deeper cuts could prevail.
Jason Schenker at Prestige Economics says a spoiled deal scenario between members seems wildly unlikely.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
CNBC's Jackie DeAngelis takes a look at how OPEC countries have met their oil production reduction promise.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Jacques Rousseau, Clearview Energy Partners, talks about the dilemma OPEC ministers face over oil production.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.