What effect today's measures will have, we'll see soon. Meanwhile, OPEC members consider $70-90 oil price as relevant in the present conditions.
Author: Ksenia Kochneva
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OPEC Cuts Supplies By 2 Mln. Barrel a Day
The news was announced by the Oil Minister of Saudi Arabia
Most of the observers predicted this exact amount of output decrease.
OPEC has already cut the quotas twice in September and October but it doesn't help to stop oil price decline.
What effect today's measures will have, we'll see soon. Meanwhile, OPEC members consider $70-90 oil price as relevant in the present conditions.
Author: Ksenia Kochneva
What effect today's measures will have, we'll see soon. Meanwhile, OPEC members consider $70-90 oil price as relevant in the present conditions.
Author: Ksenia Kochneva
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