Tag Archives: OPEC

Is OPEC Back?

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It was initially considered something of a big deal when, on November 30, the Organization of Petroleum Exporting Countries (OPEC) ended years of squabbling and mutual frustration by announcing that their members would cut oil production in the coming year by 2 million barrels a day.  If the deal holds, it will represent the first reduction on the global markets in eight years.

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