Bill Farren-Price, CEO of Petroleum Policy Intelligence, says Saudi Arabia is not about to cut oil production and give away market share to rivals such as Iran.
Helima Croft, chief commodities strategist at RBC Capital Markets, explains that Saudi Arabia will not cut oil production unless other countries cut production too.
The headwinds against the oil market will carry through into 2016 if there is no action from OPEC, says David Lennox, resources analyst at Fat Prophets.
Daniel Hynes, senior commodity strategist at ANZ, says OPEC's consistent message for the past year has been that the group would cut production only if others joined.
The supply of U.S. shale oil has transformed the oil market and removed OPEC's dominance, explains Neil Beveridge, senior oil and gas analyast at Bernstein.
Craig McMahon, APAC head of research at Wood Mackenzie, says OPEC won't cut production unless it gets all its members to agree which is unlikely.
One day short of the OPEC meeting, the main question from oil market watchers is: Will the cartel cut output and try to raise prices?
Despite talk of output cuts, OPEC is unlikely to leave its meeting Friday with any agreement on production curbs.
Many traders appear to be more focused on other fundamental factors that are creating downside pressure.
Oil concerns are mostly about supplies, says John Kilduff, Again Capital partner, providing insight to the price of oil ahead of OPEC's meeting.
The world's largest oil exporter tries to compromise and balance oil markets.
Iranian oil minister Bijan Zangeneh dismissed any chance of cutting a deal with OPEC and non-OPEC members.
IEA Executive Director Fatih Birol says he has faith that Saudi Arabia will follow a policy that is in benefit of oil markets and the global economy.
Saudi Arabia and other Gulf countries might be willing to cut their oil production, according to reports. CNBC’s Steve Sedgwick explains why this simply isn’t true.
Asian stocks trimmed losses Thursday as oil prices bounced from an over three month low, but mood remained cautious ahead of economic events overseas.
Gaurav Sodhi, senior analyst at Intelligent Investor, says it is unlikely that OPEC members will agree to cut production this Friday.
Crude broke below $40 per barrel Wednesday. Here's how low it could go in the days ahead.
Harry Tchilinguirian, global head of commodity market strategy at BNP Paribas, explains why Iran’s oil output remains a wild card.
Dealmaking in America's oil patch has slowed to a trickle, while organized restructurings have ticked up among drillers.
Atual Lele, CIO at Deltec International Group, says he is bearish on oil because the price-supply relationship is too sensitive.