Fri, Mar 6, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Price Watch, Regulatory more

OPEC faces ‘uphill battle’ as oil prices plummet

Posted on 23 October 2008

From Marketwatch.com: Members of the Organization of the Petroleum Exporting Countries saw fit to schedule an “extraordinary” meeting this Friday after seeing oil prices drop more than 50% in three months.

That constitutes an emergency to them, just like the weakening global economy is to the rest of us. “It’s about a snowball running downhill, and turning into an avalanche,” said Anthony Sabino, a professor of law at St. John’s University, whose legal practice includes oil and gas law….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 39513 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031