The producers’ cartel faces a dilemma when the current set of production quotas are removed in August
Thursday 23 Jun 2022 Author: Tom Sieber
When the latest eye-watering energy bill comes through the post, or you hand over £100 to fill your car with petrol, your mind may not immediately turn to a nondescript building in Vienna, just a short stroll from the Sigmund Freud Museum. However, it is in this low-key location which OPEC or the Organization of the Petroleum Exporting Countries is headquartered. OPEC is an intergovernmental organisation or, in slightly...