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2015-08-28 18:20:00

OPEC IS JUST NOICE

OPEC IS JUST NOICE

Once upon a time, talk of an emergency OPEC meeting would have rippled through oil markets, likely triggering at least a brief rally in prices.

The last extraordinary meeting to discuss a price slump, in 2008, resulted in the Organization of the Petroleum Exporting Countries' largest ever production cut, paving the way for prices to double within a year.

Nowadays, however, calls for an unscheduled meeting to address spiralling prices are more a sign of growing friction within…

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Tags: SAUDI, OPEC, OIL, PRICES

Chronicle:

OPEC IS JUST NOICE
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