Wednesday 16 December 2015

OPEC AND THE BATTLE FOR MARKET SHARE

Opec HQ Photo: WikimediaAs the prices of crude plummet to its lowest level in nearly a decade, the ability of members of Organisation of Petroleum Exporting Countries (OPEC) to reclaim its market share has become a concern to stakeholders.
Oil prices fell for a seventh straight session on Monday, coming close to 11-year lows, on growing fears that the global oil glut would worsen in the months to come in a pricing war between leading OPEC and non-OPEC producers.

Read more @ The Guardian

No comments:

Post a Comment