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OPEC: Cuts coming?

Floating oil rig derrick

Crashworks / Foter.com / CC BY-NC

While OPEC may not take action at its meeting on December 12, most analysts expect the group to cut production in the new year or face depressed crude prices.

The Organization of Petroleum Exporting Countries may choose to hold fire at their latest meeting in Vienna on December 12, but it may be forced to cut production in the New Year, analysts say. CONTINUE READING

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Article "tagged" as: Opec, 
Author alifarabia, 27.01.2013, 18:55 0 comments

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