‘World’s energy superpower’ fights OPEC obsession
August 10, 2016
Although OPEC’s influence over world oil prices has declined in recent years, the mere mention of a meeting by the cartel’s member countries is still enough to trigger speculation and move the market. We saw that Monday when oil prices jumped 3% in New York after news broke that OPEC planned to assemble unofficially in Algeria in September in response to the latest setback in the market. (Read more.)
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