OPEC cartel to cap oil production

30.9.2016

OPEC cartel countries have agreed in Algiers on Wednesday to cap oil production to increase its price. The production should be limited to approximately the current volume. Low oil prices have had a negative impact on economies of oil producing countries, but also enabled OPEC cartel members to regain market share because of production drop in North America. Iran has also joined the agreement on production cap.

Illustration

Do you want to read the whole article?
Get a subscription for free or from CZK 58 per month

For companies, the subscription costs from CZK 1,490 per year plus VAT. For private persons and self-employed persons for CZK 690 per year, including VAT.

Attention: Special Offer, by the end of the year use the offer for 30 days for CZK 149. However, you can also get the subscription for free.

Don't know how to proceed? See the complete subscription terms or contact us.

Order the subscription

I already have the subscription

OPEC cartel to cap oil production

Do you want to read the whole article?Get a subscription for free or from CZK 58 per month

Do you want to read the whole article?
Get a subscription for free or from CZK 58 per month