Tag Archives: oil price

Is OPEC about to break-up?

OPEC is an organisation made up of 12 oil-producing countries which operates as a cartel to try to control oil prices. It was formed in 1960 by Iran, Iraq, Kuwait, Venezuela and Saudi Arabia, with most of the rest of … Continue reading

Posted in Business, Competition | Tagged , , , , | Comments Off on Is OPEC about to break-up?

The easy way to stabilise petrol prices

Don’t you hate it that petrol prices go up when oil prices go up but they don’t come down when oil prices come down again? Oil down 18%, petrol up 2% Since April 8, the price of Brent crude has … Continue reading

Posted in Business | Tagged , , , | Comments Off on The easy way to stabilise petrol prices

Oil prices and OPEC (part 2)

The International Energy Agency (IEA) has said that its members are going to sell some of their oil reserves to bring down the oil price. The idea is that this will help the global economy and stop it falling back … Continue reading

Posted in Business, Pricing | Tagged , , , , , , | Comments Off on Oil prices and OPEC (part 2)