Tag Archives | Organisation of Petroleum Exporting Countries (OPEC)

  • (Photo: The Cradle)

    Ukraine and Palestine: A double threat to U.S. hegemony

    The outcome of U.S.-led conflicts in Ukraine and West Asia will have a profound impact on the developing world order. Washington has already lost the former, and its major adversaries are vested in making sure it loses the latter too.

  • Oil Barrels (Photo: Jouni Lehti / Flickr)

    The OPEC’s decision to cut oil output

    WHAT is called OPEC+, that is the 13 members of the Organisation of Petroleum Exporting Countries (OPEC) together with 11 other petroleum exporting countries led by Russia, decided on October 5 to cut their oil production by 2 million barrels per day, starting from November. The U.S. had been pressing OPEC not to take this decision.