Thu, Jun 24, 2021
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Market Moves, Oil more

Does OPEC have a future?

Posted on 04 April 2016

With oil prices down by almost 70 per cent from mid-2014, and touching multi-year lows recently, economies across the globe are gradually adjusting to the ‘new oil normal’ and the massive transfer of real income from producers to consumers.
The market has changed radically from the days when the Organisation of the Petroleum Exporting Countries was formed in the 1960s. Set up with the objective of coordinating and unifying petroleum policies among its member countries to “secure fair and stable prices” and “maintain efficient, economic and regular supply of petroleum”, OPEC is a cartel. ……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
June 2021
S M T W T F S
« Nov    
 12345
6789101112
13141516171819
20212223242526
27282930