Fri, Nov 28, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Market Moves, Oil more

Who really needs OPEC, anyway?

Posted on 18 November 2013

The Organization of Oil Exporting Countries — better known as OPEC — has been a dominant player in the oil market since it was formed in 1960. The 12 member countries have provided over 40% of the world’s oil over the last 20 years alone, giving them the ability to move prices up or down at a moment’s notice.
Even a rise in U.S. oil production over the past eight years has barely made a dent in OPEC’s global oil dominance………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38189 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
November 2014
S M T W T F S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30