Oilgame

Year before it was forecasted by OPEC that oil will reach up to $76 a barrel, but it was inverse as they were expecting. Instead of rise the price went down to $58.74 yesterday. Due to such unexpected changes, OPEC members have decided to lower down...

OPEC has decided to cut down its output by millions of barrels per day. Presently the decision is under consideration. Such steps are taken to maintain difference between what the world consumes and what it is able to produce. Main aim of OPEC is to...