OPEC

Lackluster OPEC quota hike won’t solve tight oil market | OilPrice.com

Yesterday, OPEC and its Russian-led partners agreed to increase their combined oil production by 100,000 bpd in September. Reports note that the decision follows calls from the United States and other big consumers for more oil. However, an additional 100,000 barrels per day is unlikely to be enough to drive prices down much further. The …

Lackluster OPEC quota hike won’t solve tight oil market | OilPrice.com Read More »