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Commodities Briefing - Categorized | Oil, Price Watch more

OPEC’s big three battle for oil market share until the bitter end

Posted on 23 November 2016

If oil prices are going to rebound, a few countries that have spent two years trying to edge each other out of crude markets will have to learn to cooperate.
Members of the Organization of the Petroleum Exporting Countries have suffered serious economic pain as oil prices have languished over the last two years. But OPEC’s largest producers —Saudi Arabia, Iraq and Iran — as well as nonmember Russia — have all pumped their way through the rout, seeking to capture more business to offset the falling value of their lifeblood product………………………………………Full Article: Source


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