Business Insider -
24 Feb 2015 02:41

The president of OPEC, Diezani Alison-Madueke, proposed international cooperation in setting oil prices, according to Izabella Kaminska of the FT. According to Kaminska, in a sit down with the FT, the OPEC president and Nigerian oil minister proposed what Kaminska calls a "Bretton Woods-style framework on energy prices" as the United States becomes a major producer threatening the hegemony of the cartel. "We need to formalise the discussions so we reach some agreements to keep supply at certai...
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