Wednesday, 4 July 2018

India’s plans to float ‘Oil Buyers Club’ with China to cut OPEC’s dominance

SOURCE: Bloomberg The announcement last month that China and India are considering forming an “Oil Buyers’ Club” to counter the market power of the Organization of Petroleum Exporting Countries is proof that the run-up in oil prices this year, from $30 a barrel to $80, is happening in a very different context than spikes of the past. The proposed […]

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