Tagged Saudia Arabia

Credit: XPatNation

Markets Respond to a Fragile Agreement in Algiers

By Seamus Murrock Last week, the Organization of Petroleum Exporting Countries (O.P.E.C.) met in the Algerian capital of Algiers to discuss the two-years long decline in the price of oil. To the surprise of many, the cartel agreed to cut production by around 700,000 barrels a day, down to about 33 million. The agreement comes…

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