Oil prices lower every day; OPEC’s effective and efficient decisions needed

Today, it was a day of 5-month lows in Oil prices. This happened because of bothers on OPEC glut, and whether it would be extended. Nevertheless promises from Saudi Arabia about Russia's preparation to join OPEC's future cuts.   Low Prices of Oil U.S. West Texas Intermediate crude oil futures ¬†were more than 3 percent [...]

By | 2017-05-05T15:53:24+00:00 May 5th, 2017|Financial, Governments, International, Oil Market|0 Comments

OLIGOPOLY GAME: OPEC sees rivals’ oil output rising as it over-delivers on cuts

Cutting down the oil supply   First of all, the agreement on cutting down the supply of oil to the worlds market came as a deal between the producing countries. OPEC cut their output in March this year. In March they also said oil inventories had fallen in February, shifting our attention to the effort [...]

By | 2017-04-12T22:15:57+00:00 April 12th, 2017|Oil Market|0 Comments