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

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

May 31, 2017
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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