Economy

OPEC's October Hold Has No Tuesday Sheet

TL;DR

OPEC kept October output unchanged on Sunday. Tuesday has no new quota sheet. Oil approaching 100 is not a Vienna vote.

MSM Perspective

OPEC's Sept. 6 statement is the last named sheet. Reuters previewed the hold. Tuesday does not invent a quota.

X Perspective

Energy feeds treat silence as a surprise cut.

Seven OPEC members kept October output unchanged from September after a Sunday meeting. [1] OPEC posted the Sept. 6 statement. [1] Reuters had previewed the hold. [2] Tuesday has no new communique in fetched copy. A quiet Vienna is not a surprise cut. Print no new sheet. Do not print a quota vote.

Oil approaching 100 without clearing it is a price, not a Vienna table. Leave a later 100 to Wednesday. Print no new sheet. Print not a cut.

Print no new sheet. Tuesday is not a Vienna cut. Sunday's hold remains the last named communique. Leave a later 100 to Wednesday. Print no new sheet as the named Tuesday hold. China demand destruction on another page is a buffer, not a quota. Print no new sheet as Tuesday's named OPEC hold.

-- DARA OSEI, London

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