The Big 3

The Oil Price Is Now Controlled By Just

Three Men

Bin Salman, Trump and Putin are calling the market shots. The prince may struggle to defend output cuts against a hostile Trump and indifferent Putin.

 

Read more…

 

http://www.romanopisciotti.com/index.php/2018/11/19/bin-salman-trump-and-putin-are-calling-the-market-shots/

 

Article presented by Romano Pisciotti, oil terminal expert

SPM Tanker Maine hoses 300x199 The Big 3
SPM-Tanker-Maine hoses

 

What is the ‘Organization Of Petroleum Exporting Countries – OPEC

The Organization of Petroleum Exporting Countries (OPEC- OIL CARTEL) is a group consisting of 12 of the world’s major oil-exporting nations. OPEC was founded in 1960 to coordinate the petroleum policies of its members, and to provide member states with technical and economic aid. OPEC is a cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries.

 

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