The Organization of the Petroleum Exporting Countries could flood the market with oil for years if it opts to do nothing to alter its output ceiling at a highly-anticipated meeting in June. “If they don’t do something and find a way to get on the same page, we will all be floating on a glut of oil for a very long time,” warned Kevin Kerr, president of Kerr Trading International. Questions about OPEC’s oil production are being raised as the oil cartel is set to call its first meeting since November 2014. Back then, OPEC’s vow not to cut output sent crude-oil prices plunging. Although prices have recovered somewhat in ... (full story)