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All eyes on OPEC as oil producers hope for higher prices

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Listen: All eyes on OPEC as oil producers hope for higher prices

What are the best and worst scenarios from the upcoming OPEC meeting for Saudi Arabia, Iran, Iraq, Russia, the US and other crude producers? Matthew Reed, vice president of Foreign Reports, joins senior oil editor Brian Scheid to consider the likely outcomes and country-by-country consequences for this week's OPEC meeting. Reed, an expert on OPEC dynamics who recently returned from a trip to Saudi Arabia, outlines what all the possibilities mean for future production, geopolitics and prices.

Be sure to read the related story from former Capitol Crude host Herman Wang about how OPEC's path to an oil production freeze is complicated but not impossible, which is referenced in this episode.

Check back every Monday for the latest analysis of US oil policy news from leading Platts editors covering the Capitol. E-mail the editors at and

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