Thu, Dec 18, 2014
A A A
Welcome preal121
RSS

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


 Article link

This post was written by:

VRS - who has written 38515 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