OPEC is not in control. For the second time in a week, OPEC officials intimated that the recent collapse in the price of oil is not related to OPEC's actions or a fundamentally sound market. Speaking at an event in Dubai on Sunday, the secretary-general of the Organization of the Petroleum Exporting Countries, Abdullah al-Badri, said the price of oil had fallen further than market fundamentals would have dictated, reports Reuters. "The fundamentals should not lead to this dramatic reduction ...
OPEC is not in control. For the second time in a week, OPEC officials intimated that the recent collapse in the price of oil is not related to OPEC's actions or a fundamentally sound market. Speaking at an event in Dubai on Sunday, the secretary-general of the Organization of the Petroleum Exporting Countries, Abdullah al-Badri, said the price of oil had fallen further than market fundamentals would have dictated, reports Reuters. "The fundamentals should not lead to this dramatic reduction ...
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