Will OPEC cut oil production?
That's the biggest question on investors' minds as oil ministers from OPEC's 12 nations congregate in Vienna this week.
Will OPEC cut oil production?
That's the biggest question on investors' minds as oil ministers from OPEC's 12 nations congregate in Vienna this week.
Here's the one factor that OPEC's decision hinges on...
On Oct. 3, OPEC and Russia agreed to sit down to discuss crashing oil prices.
According to Money Morning Global Energy Strategist Dr. Kent Moors, this is an important development for the energy industry.
That's because OPEC and Russia haven't played nice recently...
In its monthly report released on Monday, OPEC indicated it is now willing to discuss production levels with other non-OPEC countries.
This is the first indication that the low crude oil price environment has been creating serious problems inside the cartel.
Here's what that means for OPEC's production strategy... and the oil market as a whole...
Yesterday, OPEC released a bulletin saying low prices "remains a cause for concern" and OPEC is "ready to talk to all other producers."
The news has investors wondering: Will OPEC cut production?
Here's what you need to know about the cartel's dicey situation...
