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Commodities Briefing - Categorized | Market Moves, Oil more

The decline of OPEC and what it means for oil

Posted on 07 February 2014

It is the world’s most famous cartel. OPEC currently controls almost three quarters of the world’s crude oil, a commodity that, as of right now, industrialized nations cannot do without.
Ever since the 1973 Arab oil embargo when the cartel caused global oil prices to quadruple, the twelve nation group has been the judge, jury, and executioner for global oil prices………………………………………..Full Article: Source


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VRS - who has written 39433 posts on Opalesque Commodities Briefing.


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