Saudi’s Admit, Oil Prices No Longer In OPEC’s Control

By hellenicshippingnews. The days when OPEC headlines can still drive the market for oil prices are waning. There power has shrunk. “The oil cartel is simply no longer a super power,” says Naeem Aslam, chief market strategist with ThinkMarkets in London. Russia and the U.S., both non-OPEC, are driving oil prices much more these days. […]

Published May 31, 2017

By LizOutLoud

By hellenicshippingnews. The days when OPEC headlines can still drive the market for oil prices are waning. There power has shrunk. “The oil cartel is simply no longer a super power,” says Naeem Aslam, chief market strategist with ThinkMarkets in London. Russia and the U.S., both non-OPEC, are driving oil prices much more these days. Russia has ... Read full story ›

Source:: Hellenic shipping news Oil

      

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