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The OPEC Agreement Is Meaningless

December 11th, 2016 · No Comments

  • Finally there seem to be some OPEC supply freeze/cut agreement, a turnaround from a disastrous strategy.
  • Even if it sticks, it isn’t likely to achieve a great deal though.
  • An increase in the oil price will simply be filled by increasing supply, mainly from US shale.

The OPEC Agreement Is Meaningless

Tags: Energy