14.11.2016 - OPEC plays the chicken game while oil prices fall: Kemp
OPEC members are making the task of oil market rebalancing harder by maximizing their production ahead of a ministerial conference at the end of November. OPEC output is actually increasing, putting downward pressure on oil prices, even while the organization's members are in talks designed to reduce output in future, with the intention of pushing prices up. Not for the first time, OPEC's members are engaged in a high stakes game of chicken...........................................Full Article: Source
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