Can Opec agree to raise the oil price?



Oil prices are too low for the taste of Opec, the Organization of the Petroleum Exporting Countries.
So the oil producers' group has agreed in principle to take action to try and lift the price, in the shape of a target for how much the member countries will produce.
A meeting of the group's energy ministers in Vienna will try to hammer out the details. And that is where the devil lies.
Opec currently consists of 14 members, more than half of them in the Middle East and North Africa, including the organisation's biggest player, Saudi Arabia.
The background to what is likely to be a... read more

 
30 November 2016 in Business, Views: 37
Source: BBC
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