Tue, Dec 23, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Market Pulse, Oil more

Watching government: Reconsidering OPEC

Posted on 17 December 2013

Soon after the Organization of Petroleum Exporting Countries held its regular ministerial meeting Dec. 4 in Vienna, the usual question was asked: Does its decision to maintain the group’s official production quota level at 30 million b/d even matter?
Non-OPEC production continues to rise. So does global demand, particularly in China, India, and other rapidly industrializing nations. Yet OPEC’s deliberations every 6 months don’t seem to carry the force they once did. One reason may be that it may never have been that effective as a cartel despite the rude awakening consuming nations received when gasoline prices quickly doubled during the 1973 Arab oil embargo, according to one observer………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38584 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031