Friday, 29th March 2024
To guardian.ng
Search

The beginning of the end for OPEC

By Bloomberg
01 June 2016   |   5:18 am
OPEC is facing a crisis. At nearly 60 years old, this isn't its first crisis by any means, but the current one could be the beginning of the end. What really threatens OPEC's survival is something it helped bring to life: shale production.

In this article

0 Comments

Your email address will not be published. Required fields are marked *

Related

1 day ago
The leader of a breakaway Darfur faction says his fighters will stand with the Sudanese army as it battles the Rapid Support Forces, which is accused of atrocities in Darfur.
1 day ago
With the war between Israel and Hamas now in its sixth month, the needle is moving. But by how much? For the first time, the United States has lifted its veto on a UN resolution calling for an immediate ceasefire in Gaza. In past conflicts, whenever Washington has called time, Israel has bended.
1 day ago
FRANCE 24 spoke to Egyptian-American comedian Bassem Youssef, who is speaking out against the war in Gaza. Formerly a TV icon in Egypt before fleeing to the US, Youssef called accusations of anti-Semitism against him "laughable". Calling the label "overused", especially against Jews supporting the Palestinian cause, he said that anti-Semitism "has become a comical accusation". "Anti-Zionism is not anti-Semitism," he added.
1 day ago
The increase in the death toll comes as scores of other people are reportedly missing. The Russian government is on high alert following the attack, which was claimed by the "Islamic State" Khorasan group.
1 day ago
Even though the Islamic State group has claimed responsibility for last week’s deadly Moscow concert hall attack, Russia’s President Vladimir Putin, pro-Russian social media users and bots are continuing to insist that Ukraine was involved in the atrocity. We debunk all the false claims for you in this edition of Truth or Fake.
1 day ago