Three Key Events In The Global Oil Patch

Three Events to Watch in the Global Oil Patch First, while the markets are again overly obsessed with OPEC news (particularly in the aftermath of an oil price war), all eyes will be on OPEC production, which in April rose to 30.412 million bpd, though signs point to major cuts in May. Still, the tension between Saudi Arabia and Russia is manifesting in the public arena, with calls this week between the two indicating that while the Saudis may push for the deeper cuts to be extended through the end of the year, Russia may be leery of doing so--dragging…