What Does OPEC Do Next?

By Salman Ghouri Time is of the essence. If you fail to comprehend future market conditions and fail to steer the ship in the right direction, it can lead to disaster. This is what we have learned during the past few years. OPEC’s failure to understand the future market conditions and speed of technological advancements has resulted in economic setbacks. A 2012 paper about the role of U.S. shale oil in global oil markets suggested that “It could be in the interest of OPEC to already increase its production now and allow oil prices to decline to below…

Read Full Article Here

For more great articles: OilPrice.com Daily News Update

(Visited 10 times, 1 visits today)

Comments

comments


Tagged: ,


© 2014 RenewaNews