Opec Tag

Brazil could soon become the latest member OPEC after its energy minister announced that discussions are set to begin regarding the country joining the global oil cartel. Bento Albuquerque said that talks would begin during a visit to Saudi Arabia - the group’s de facto leader...

The Organization of the Petroleum Exporting Countries (OPEC) has forecasted that world demand for its crude will decline next year as the US shale industry continues to pump more oil, threatening another surplus. Providing its first forecasts for next year in a monthly report, OPEC said...