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In theory: Time for Opec members to band together

Posted on 30 June 2011

Throughout its history, the oil bloc has been through difficulties and problems, but never has it reached such levels of disagreement that it reached recently
Speculation about the potential disintegration of the Organisation of Petroleum Exporting Countries (Opec) has been growing over the last few months. When Opec was founded in Baghdad, Iraq, 50 years ago its aim was to manage the supply of oil and set oil prices on the world market in order to ensure stability and avoid fluctuations that may affect the economies of both exporting and importing countries……………………………………….Full Article: Source


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