The investment bank warned that the oil market could be disappointed in a few days because there is a higher degree of uncertainty heading into the talks than there was at previous meetings. The working assumption is that OPEC and the group of non-OPEC countries will agree to extend the production cuts for an additional nine months, keeping them in place until the end of 2018. Indeed, at the time of this writing, it appeared that the OPEC joint technical committee was on the verge of recommending as much ahead of the full meeting. But the successful outcome of such a recommendation hinges on Russia, the one party that has been the most hesitant about an extension, at least for such a lengthy duration. Some Russian officials have suggested a shorter extension, while others suggest waiting until the March 2018 expiration date draws near before making a decision. That […]