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Thursday, December 3rd, 2020
Home » Tag Archives: Russia OPEC

Tag Archives: Russia OPEC

Is OPEC’s House of Cards Going to Collapse?

Two middle eastern men in traditional robes

BLOOMBERG, NOVEMBER 22, 2020 Fewer than half of the OPEC countries that said they would cut production in the last deal, stuck by their word. That’s upset the UAE. By Julian Lee for Bloomberg – All is not well in the house of OPEC. As the cartel’s oil ministers prepare to meet in just over a week to decide on the next step …

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Second wave of COVID forcing OPEC and Russia to look at deeper oil cuts

Oil tanker port of houston

REUTERS, NOVEMBER 3, 2020 The second wave of COVID-19 meant the oil market faced a “very dangerous” situation, said a source speaking on condition of anonymity. LONDON (Reuters) – The Organization of the Petroleum Exporting Countries and Russia are considering deeper oil output cuts early next year to try to strengthen the oil market, one OPEC source and one source …

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