Profile image
By Global Economic Intersection
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

OPEC Reloaded: More Appearance Than Substance?

Saturday, February 18, 2017 5:04
% of readers think this story is Fact. Add your two cents.

Headline: Bitcoin & Blockchain Searches Exceed Trump! Blockchain Stocks Are Next!

from the Dallas Fed

– this post authored by Rachel Brasier and Martin Stuermer

After two years of defending market share, the Organization of the Petroleum Exporting Countries (OPEC) returned to its old strategy of managing production. Joined by 11 non-OPEC countries such as Russia and Mexico, OPEC aims to cut output by 1.7 million barrels per day (mb/d) in the first half of 2017. This decision sent oil prices up roughly 20 percent during the fourth quarter. Although the output cuts look impressive on paper, implementation is far from assured. The actual effect on the global supply-and-demand balance is likely to be muted.

Read more …


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.