Quotes from the news wire:
OPEC is quite likely to do what it has often done in the past: put off taking a decision which involves changing the current system until things become clearer, there's a lot of uncertainties out there, not least the U.S. shale outlook, strength in demand, the overall economic outlook, all the rest of it, that more likely than not they will leave it in place and meet again in March.
Amongst the group of countries (participating in the meeting) that we're aware of, only Saudi Arabia has any ability to increase its production, so a freeze on production is perhaps rather meaningless. It's more some kind of gesture which perhaps is aimed ... to build confidence that there will be stability in oil prices.
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