OPEC Has a Crippling Problem: Its Members Can’t Stop Pumping

31 Jul 2017   OPEC

OPEC, the once powerful oil cartel, is struggling to hold the line in a make-or-break fight to limit oil production, prop up crippling low prices and prove its relevance. Why? Its members are addicted to oil. Eight months after the Organization of the Petroleum Exporting Countries announced a plan for its 14 members and 10 allied…

Comments are closed.