OPEC: A DOUBLE-EDGED SWORD?

The Organization of Petroleum Exporting Countries (OPEC) announced Saturday, November 29, that the organization would wait until its next scheduled meeting in Oran, Algeria, to agree on its output reductions, according to Reuters. The Algerian meeting is scheduled for December 17. (www.reuters.com)

OPEC, the cartel producing nearly forty percent of the world’s . . . → Read More: OPEC: A DOUBLE-EDGED SWORD?