Posts Tagged ‘Oil Price’

OPEC Cuts Production to Stem Plummeting Oil Prices

OPEC decided to cut its oil production by 1.5 MM barrels last week, about 5% of the oil cartel’s total daily output. But will this really stop the dead weight drop in crude oil prices? “Venezuela’s Oil Minister Rafael Ramirez has said OPEC will need to cut production by at least another 1 million barrels [...]

Are Oil Prices Being Manipulated Down Because of Upcoming Election?

I’ve been thinking a lot about this so I decided to dig online and see what I could find out. A blog that I have visited anonymously a few times, The Oil Drum, had a great post on this topic with tons of data in the thread. But as with anything being debated, there always [...]