Tajuk : OPEC IN FULL PANIC-MODE AS LEADERS START TALKING ABOUT MORE CUTS
link : OPEC IN FULL PANIC-MODE AS LEADERS START TALKING ABOUT MORE CUTS
OPEC IN FULL PANIC-MODE AS LEADERS START TALKING ABOUT MORE CUTS
The illusion that OPEC has control of the oil market is slowly coming crashing down.
Iran oil minister Zanganeh said today that talks have begun about further cuts. It comes less than a month after OPEC’s one-year cut extension announced May 25.
“We are consulting with OPEC member states to have them prepared to make a decision,” he said. “Decision-making would mean for OPEC to make further cuts,” he clarified, adding that reaching a consensus would be “difficult.”
There has been a wave of jawboning in the past 12 hours but oil has barely bounced from the lows. API inventory data was mixed as gasoline and distillate stockpiles grow. The official numbers are due at 1430 GMT.
The side-effect of the price drop is that it weakens the cartel internally. The low prices will put pressure on government budgets and that incentivizes cheating.
– www.forexlive.com
.
✍ Sumber Pautan : ☕ Malaysia Chronicle
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2tv1mXz
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
Thus Article OPEC IN FULL PANIC-MODE AS LEADERS START TALKING ABOUT MORE CUTS
Anda sedang baca artikel OPEC IN FULL PANIC-MODE AS LEADERS START TALKING ABOUT MORE CUTS dengan alamat pautan https://johorbaharunews.blogspot.com/2017/06/opec-in-full-panic-mode-as-leaders.html
0 Response to "OPEC IN FULL PANIC-MODE AS LEADERS START TALKING ABOUT MORE CUTS"
Catat Ulasan