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Showing posts from August, 2018

One Global Cartel of Oil-Producers? OPEC and Non-OPEC Countries About to Formalize Cooperation

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According to the news agency Reuters an agreement on a new energy treaty has been reached yesterday between  OPEC countries and other major oil producers, like Russia, who are not members of OPEC. Internal sources confirmed that a draft charter is circulating that would unite all major oil and gas producers of the world under the umbrella of one organization.