Sunday, October 2, 2016

OPEC and the Stagnant Price of Oil

OPEC To Regulate Oil Market Again

The 15th International Energy Forum, held in Algiers earlier this week, saw OPEC members decide to cut production by about 800,000 barrels per day. The cut will not be consistent across all member states but is significant nonetheless, being the first in eight years.The move is meant to stabilise global oil prices.

Rodney Ross

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