Here Are The Top Comments from Oil Nations Overnight

The price of oil is flat relative to yesterday but the last few sessions have been anything but calm as investors anticipate the outcome of the upcoming OPEC meeting.

Some chatter from oil nations is hitting the wires this morning.

1. Iran's Oil Minister Says Oil Production Ceiling Without Quotas is Meaningless;  
Says OPEC Can Control Nothing Without Country Quotas; Says Iran's quota should be 
14.5% of OPEC output. 

2. Qatar's Energy Minister Says Oil Market is Positive, Heading in Right Direction  
of Balance; Says Need Oil Above $50/bbl to Encourage Investment 

3. Saudi Energy Minister Says Oil Market Rebalancing; Says Wants Long-Term Market  
Stability; Says No One Can Determine Equilibrium Price 

4. Angola Oil Minister Says $60/bbl is Good Price, $80/bbl is Better

5. Kuwait's Acting Oil Minister Says $50-$60/bbl is Appropriate Price 

6. Venezuela's Oil Minister Says OPEC Agreement Could be Extended to Non-OPEC  
Countries; Says hoping for $60-$70/bbl oil.

Their commentary may seem meaningless since the price of oil will ultimately be determined by U.S. open markets.  But if you trade a macro product like oil you need to have this information.