In 1960, frustrated by Western control over the world’s oil industry ... This dynamic has led many economists to describe OPEC as a cartel – a group of entities that agree to fix prices ...
The cartel still expects demand to grow by 1.45 million barrels a day this year and 1.43 million barrels a day the next, bolstered by strong air travel demand and road mobility.
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OPEC’s market power is ‘less than you would imagine’ and the US doesn’t need to get fussed over the cartel, State Dept. official saysObituaries for OPEC have been prematurely written before, but the emergence of new producers outside of the oil cartel and the continued slowdown of China's economy may be shifting the balance of ...
The Saudi-led cartel said its members would start gradually pumping more oil in April. By Rebecca F. Elliott Oil prices fell on Monday afternoon to their lowest level of the year after the OPEC ...
Members of the Organization of Petroleum Exporting Countries will revive oil production in ... production boom among non-OPEC members have made it difficult for the cartel to achieve higher ...
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