Showing posts from August, 2018

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

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.