-
Opec pleads for Russian alliance to smash oil speculators
he Opec oil cartel has issued its strongest plea to date for a pact with Russia and rival producers to cut crude output and halt the collapse in prices, warning that the deepening investment slump is storing up serious trouble for the future. Abdullah al-Badri, Opec’s secretary-general, said the cartel is ready to embrace rivals and thrash out a compromise following the 72pc crash in prices since mid-2014. "Tough times requires tough choices. It is crucial that all major producers sit down and come up with a solution," he told a Chatham House conference in London. Mr al-Badri said the world needs an investment ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jan 25, 2016 5:05pm Jan 25, 2016 5:05pm
- ALThau
- | Joined Aug 2007 | Status: I play | 269 Comments
- Comment #2
- Quote
- Jan 25, 2016 6:01pm Jan 25, 2016 6:01pm
- plungeboy
- | Joined Jan 2016 | Status: Oiled :) | 7 Comments
In a world where robots fucks everybody else over...