Tag: OPEC
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Oil price crashes as OPEC increases production: NatGas winds down
On Thursday last week, OPEC announced an increase of oil productivity by 411,000 barrels per day with a total of 2.2 million barrels, that lead to the oil price crashing after the announcement. Brent Crude is currently at $63.62 from its Thursday high of $73, down by more than 12%. The countries implementing the oil…
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Now, no illusions and no compromises
Yesterday’s announcement by OPEC that it would be reducing oil production should be enough to clear out all the illusions about relying on dictatorial and authoritarian states for energy. How pathetic can you be as a top European leader to make an unfactual and patronising speech about negotiating and trusting authoritarian states, only to have…
