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OPEC’s ability to influence global oil prices greatly weakened – Expert 

OPEC’s ability to influence global oil prices greatly weakened – Expert 

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The Organization of the Petroleum Exporting Countries (OPEC) may no longer wield the market-shaping power it once did over global oil prices. This is the perspective shared by Patrick De Haan, Head of Petroleum Analysis at GasBuddy, during his appearance on CNBC’s Fast Money on Friday. De Haan underscored the challenges facing the oil cartel, […]

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OPEC+ lacks ability to push global oil prices beyond $70 per barrel, says expert 

OPEC+ lacks ability to push global oil prices beyond $70 per barrel, says expert 

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OPEC+ does not have the capacity to push oil prices significantly higher, according to global energy market expert and founder of Vanda Insights, Vandana Hari. Speaking with CNBC, Hari noted that while the oil-producing cartel has managed to remain cohesive despite market speculation, its ability to influence prices beyond a certain point is limited. According

OPEC+ lacks ability to push global oil prices beyond $70 per barrel, says expert  Read More »

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