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Commodities Briefing - Categorized | Market Moves, Oil more

Damaged OPEC has lost the power to influence a world broken by debt

Posted on 15 April 2016

OPEC and non-OPEC oil producers meet in Doha this Sunday to decide on what to do about the still depressed oil price. On the agenda is a proposal to freeze production at January or February levels, with a view to possibly cutting it at the following meeting in June.
Time was when such machinations would be front page news. Journalists would hang on the every word of OPEC’s vainglorious overlords, and their pronouncements would be major market moving events, with sometimes profound repercussions for the global economy………………………………………..Full Article: Source


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