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The So-Called OPEC Cartel Whiffs Again——Marathon Talks, No Deal
10-31-2016, 04:39 PM,
#1
The So-Called OPEC Cartel Whiffs Again——Marathon Talks, No Deal
The So-Called OPEC Cartel Whiffs Again——Marathon Talks, No Deal

A weekend marathon of talks between major oil producers failed to finalize plans to implement an output cut, threatening the viability of an agreement reached last month to reduce production by as much as 2%. The talks were also aimed at securing coordinated cuts with producers outside OPEC, such as Russia, the world’s largest oil producer. Instead, Iraq and Iran’s insistence on exemptions emerged as a big sticking point Friday as those members refused to agree to cut their burgeoning output.


http://davidstockmanscontracorner.com/th...s-no-deal/
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