In 1960, frustrated by Western control over the world’s oil industry ... This dynamic has led many economists to describe OPEC as a cartel – a group of entities that agree to fix prices ...
The cartel now expects world oil demand to grow by 1.82 million barrels a day this year and 1.54 million barrels a day in 2025, down from previous estimates of 1.93 million barrels and 1.64 million ...
10don MSN
The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...
The Organization of the Petroleum Exporting Countries and allies are in a dilemma with its decision to increase oil output ...
Apparently Angola and Nigeria clashed with the other cartel members before the latest meeting regarding their oil production quotas. Angola, which joined OPEC in 2007, holds untapped oil and gas ...
Angola has announced it is leaving the oil producers' organisation Opec over a dispute on output quotas. It follows last month's decision by the 13-member cartel and 10 allied nations to further ...
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