One of the enduring features of oil markets is a tendency to over-analyse and interpret every word uttered by the various players, with the current debate over a mooted output freeze being the latest case in point. But perhaps it’s time to halt the practice of both industry and media commentators to pontificate over what the leaders of oil producing countries meant when they speak, and focus on the actual words used. The latest shenanigans over whether the Organization of the Petroleum Exporting Countries (OPEC) and other major suppliers such as Russia will limit […]