VOA: OPEC Nations to Discuss Oversupply of Oil
The world's oil oversupply could continue to rise, causing a drop in fuel and energy prices. That possibility will be under discussion at OPEC negotiations on Thursday.
The Organization of the Petroleum Exporting Countries will decide whether to continue with production cuts agreed to three years ago.
These negotiations take place as tensions increasingly drive OPEC member-nations in different directions.
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More News On Today's OPEC Meeting
Oil Holds Gain as OPEC Ministers Gather for Vienna Meeting -- Bloomberg
OPEC is considering a deeper cut to its oil production -- CNBC
OPEC and allies prepare to deepen oil output cuts -- Reuters
OPEC nations grapple with oversupply of oil -- AP
Saudi Arabia Threatens To Flood Oil Markets If OPEC Members Don’t Cut Output -- OilPrice.com/Zero Hedge
Everything you need to watch out for at this week’s OPEC+ meeting -- CNBC
2 comments:
I’m not convinced that OPEC is all that relevant anymore.
OPEC is proof that supply and demand curves are a thing.
OPEC has been in the news since 1973 (or maybe before). OPEC has been in the news for 50 years and still liberal/socialist politicians pretend that supply and demand curves do not exist.
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