The Significance of OPEC Announcements
June 08, 2011 at 16:36 PM EDT
The Organization of Petroleum Exporting Countries (OPEC) today announced that its members could not reach an agreement to change OPEC’s production quotas. How significant is that announcement? In my opinion, not very. Forbes provides these details: Analysts thought the 12-member group would boost production in an effort to cool off oil prices and take some [...]
