OPEC and non-OPEC countries have agreed to cut oil production by about $1.8 million barrels per day. As a result, gas prices are on the rise. To discuss, former head of the US Commodity Futures Trading Commission, Bart Chilton, joins “News...
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Tag: oil production
For the first time in 8 years, OPEC has agreed to cut oil production by 1.2 million barrels per day. As a result crude oil prices have jumped 13 percent in two days. Bart Chilton for RT America ‘News with Ed.’
Consumer Corner / Market Moves
Last week, the Organization of the Petroleum Exporting Countries (OPEC) met in Algiers and agreed to a general framework of an oil production decrease. The news spiked U.S. oil prices which are nearing $50 per barrel, while global prices are at...
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For the first time in eight years, OPEC is on the verge of raising oil prices by cutting production by 500,000 barrels per day. To discuss, former US Commodity Futures Trading Commission head Bart Chilton tells ‘News with Ed’ that the...
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The world oil market is flooded and OPEC wants to keep it that way. OPEC members say they are going to continue their high rates of oil production through the summer, in a likely attempt to drive weaker oil producers out...
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