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2015-11-03 19:15:00

OPEC SQUABBLES

OPEC SQUABBLES

Internal OPEC squabbles are on the rise as members argue about the need to support a fair oil price and boost revenues just as they feel more pain from low crude prices.

A draft report of OPEC's long-term strategy (LTS) carries annotations by Iran, Algeria and Iraq, and suggestions from Iran and Algeria for measures to support prices such as a price target or floor and a return to OPEC's quota system.

Oil prices have more than halved to below $50 a barrel since June 2014 in a drop that deepened after the Organization of the Petroleum Exporting Countries in 2014 changed strategy to protect market share, rather…

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Tags: OPEC, OIL, PRICES, QUOTA
Chronicle:
OPEC SQUABBLES
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FIRST BANGLADESH'S LNG
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OPEC SQUABBLES
2019, May, 23, 12:35:00
OIL PRICE: ABOVE $70 YET
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2019, May, 23, 12:15:00
U.S. SANCTIONS FOR GERMANY
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OPEC SQUABBLES
2019, May, 23, 12:10:00
RUSSIA'S GAS FOR AUSTRIA: +44%
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OPEC SQUABBLES
2019, May, 23, 12:05:00
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OPEC SQUABBLES
2019, May, 23, 12:02:00
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