OPEC Cuts Production in First Agreement Since 2008

At the Organization of the Petroleum Exporting Countries (OPEC) Meeting on November 30 in Vienna, it was agreed upon that overall production would be cut by 1.2 million barrels a day, pushing oil prices up by almost 10%, above $50 a barrel. OPEC produces a third of global oil, or around 33.6 million barrels per […]

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What To Buy To Benefit From Low Oil Prices. Part Two: India

Forbes By Chris Wright Earlier this week, I started a series on countries that will benefit from the decline on oil prices with a piece onTurkey. As we discussed, countries that have a deficit in their oil supplies stand to benefit strongly from lower oil prices. The second example in the series is India. Much […]

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What To Buy To Benefit From Low Oil Prices. Part One: Turkey

Forbes Chris Wright We know the countries that are set to suffer from low oil prices: Russia, which this column has frequently discussed, is in a world of trouble; Nigeria, which has had to devalue its currency; and Venezuela, which hardly needed another reason to fall into turmoil but now has one, and is likely […]

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