Tag Archives: oil

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

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Oil prices and OPEC

OPEC will meet today (8th June) to decide levels of production. The FT says this: ‘A large increase in production could damp current high prices, while a decision to maintain production levels would set the scene for a large drawdown … Continue reading

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Beware of substitutes

If you can charge more for a product and still sell the same amount then you would want to, wouldn’t you? Be careful, it may not be the best thing long term. Take the oil market. Saudi Arabia’s official position … Continue reading

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