Energy

Will OPEC Production Cut Come?

Stock quotes in this article:XOM, VLO, VLO 

Finally, OPEC's most influential members -- especially Saudi Arabia -- have been unable to conceal their concern over the possibility that the U.S. and Europe succeed in engineering renewable energy resources that could compete on a commercial level with crude oil.

Some analysts believe that OPEC is so worried about renewable energy that it is restructuring its internal system to prevent another major spike in the price of crude like the one experienced last summer.

If OPEC takes the logical long-term route and keeps production steady, crude oil prices will likely take a hit. This would put downward pressure on stocks like BP(BP), Chevron(CVX), ConocoPhillips(COP), Royal Dutch Shell(RDS.A), and Exxon Mobil(XOM).

However, refining stocks like Valero(VLO) and Tesoro(TSO) would likely benefit if OPEC holds.

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