Oil States Need Price Jump to Balance Budget: OPEC Reality Check

By hellenicshippingnews If the Organization of Petroleum Exporting Countries keeps its policy of favoring market share over prices when it meets Dec. 4, most members will probably find themselves unable to balance their budgets. Oil futures have tumbled more than 25 percent since OPEC's last meeting in June, yet the group will keep pumping to […]

Published December 1, 2015

By LizOutLoud

By hellenicshippingnews If the Organization of Petroleum Exporting Countries keeps its policy of favoring market share over prices when it meets Dec. 4, most members will probably find themselves unable to balance their budgets. Oil futures have tumbled more than 25 percent since OPEC's last meeting in June, yet the group will keep pumping to batter rival ... Read full story ›

Source:: Hellenic shipping news Oil

      

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