Reflecting its lessening oil clout, OPEC decided Thursday to keep its output target on hold and sit out falling crude prices that will likely spiral even lower as a result.
OPEC oil ministers meeting in Vienna on Thursday are in a bind. Prices are plunging — and in the short term, the cartel may not be able to do much about it.
Reflecting its lessening oil clout, OPEC decided Thursday to keep its output target on hold and sit out falling crude prices that will likely spiral even lower as a result.
OPEC oil ministers meeting in Vienna on Thursday are in a bind. Prices are plunging — and in the short term, the cartel may not be able to do much about it.