Skip to main content

Chamber for Bulk Oil Distributors (CBOD), Ghana

OPEC struggling to prove it can still arrest oil price declines

OPEC is under intensifying pressure to show it still has the power to reverse a slide in oil prices, according to RBC Capital Market’s Helima Croft. The Middle East-dominated producer group has struggled to shore up crude futures this year, amid a deteriorating outlook for global growth and a protracted trade dispute between the U.S. […]