Wednesday 20 January 2016

HOW CRASH IN OIL PRICES TEARS OPEC APART

Opec HQ Photo: WikimediaThe Organisation of Petroleum Exporting Countries (OPEC) may be wading through troubled waters resulting from the low crude oil prices and its curtailing strategies which have divided the interest of the 13-member cartel.

The seemingly uncontrollable fall in oil prices has largely affected the economic status of some members, including Nigeria since 2014, but the test of strength within OPEC appears to have overshadowed the need for urgent and strategic decision that could reduce the tension.

Read more @ Guardian Online

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