OPEC will wait until after the U.S. presidential election on November 8 before deciding whether it will invite the US head of state to attend the cartel’s Vienna meeting on November 30, the organization’s Secretary General Mohammad Barkindo told reporters in London on Tuesday. At the meeting in Vienna, OPEC members are expected to discuss and possibly decide on the specifics of the planned deal to agree to limit production to a range of between 32.5 million barrels per day and 33 million bpd—and apparently not every potential US-presidential hopeful is up to snuff for OPEC. It’s unlikely that the US is waiting by the phone with breathless anticipation for an invite to discuss how the cartel can best manipulate prices upward in lieu of letting the market do the job—an action that goes against the very fabric of the United States’ free market concept. According to […]