As the meeting of NOPEC fast approaches this weekend, the mood in the oil market has shifted from euphoria to skepticism, as questions remain around the intent of key producers. With that in mind, hark, here are five things to consider in oil markets today: 1) Oman is a key producer in the NOPEC clan, and is expected to cut production by ~46,000 bpd to help the cause. At this juncture, it seems that Russia is the only other NOPEC member that is willing to cut (no Brazil, Azerbaijan attending the NOPEC meeting). Oman is the largest producer in the Middle East who is not a member of OPEC, and plans to raise $1.5 – $2 billion next year via a bond issuance in an effort to plug its deficit. This is hot on the heels of Saudi Arabia, who sold $17.5 billion of debt in October. Oman’s budget […]