Opec's Dire Finances Fuel Oil Freeze Talks

NewsOK.com RSS - business, Daily Oklahoman: Business
Mon, 09/12/2016 - 6:10am

Price wars can be painful -- even for the mighty OPEC. That's why the oil cartel, along with Russia, is once again entertaining a freeze in production aimed at putting a floor beneath low prices. The goal is to keep prices high enough to give oil-reliant countries a financial boost, but not so high that they encourage their chief rival -- American shale oil producers -- to start pumping aggressively again.Read more on NewsOK.com

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Topics:  opec   russia    american   newsok   oil   freeze   high   prices   
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