We look at what might be influencing the stance of producers’ cartel OPEC ahead of key summit
Thursday 23 May 2019 Author: Tom Sieber
Since the start of 2019 the global benchmark for oil prices, Brent crude, has enjoyed a rollercoaster ride. For the most part the direction of travel has been upwards from a little more than $50 per barrel to above $70 per barrel. The surge is being driven by multiple factors. These include fears of conflict between the US and Iran and the reimposition of sanctions on the latter by...