19.04.2016 - OPEC’s next move might be an oil production hike
Several of the world’s largest oil producers failed to reach an agreement to freeze output to help alleviate a glut of global crude supplies, but the Organization of the Petroleum Exporting Countries may soon need to start discussing an increase in output instead. The logic is a bit hard to grasp, but not that difficult if you look at some of the reasons why producers couldn’t come up with a deal to cap production—and why oil prices didn’t end up taking that big of a hit on Monday...............................................Full Article: Source
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