The chances of a coordinated statement between OPEC and its non-OPEC partners on an extension of production cuts is ‘increasingly unlikely’. The chances of a coordinated statement between OPEC and its non-OPEC partners on an extension of production cuts is ‘increasingly unlikely’ to come from the looming 173 rd OPEC meeting, according to oil and gas analysts at investment banking firm Jefferies. “However, a strong statement of commitment to the current policy of normalizing inventories and perhaps a timeline around an extension may be enough to satisfy the market,” analysts said in a brief research note sent to Rigzone. “Although that is a tough call given speculative length,” they added. At the time of writing, the price of Brent Crude was over $63 per barrel, a figure which was last hit in June 2015. OPEC’s 173 rd meeting is scheduled to take place in Vienna, Austria, on November 30. […]