Tag: quotas
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Angola’s Bold Move: Exits OPEC After 17 Years, Defying Quotas for a Thriving Oil Future
[ad_1] Angola, Africa’s second-largest oil producer, has shockingly left OPEC after over a decade, citing a lack of benefits and disagreements over oil production quotas. The decision follows a bold stance to maintain oil output above OPEC+ limits, signaling Angola’s commitment to its economic interests and charting an independent course in the global oil market.…
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Fed Talk Hits Oil Rally Like Drone, China Import Quotas Don’t Help
[ad_1] By Barani Krishnan Investing.com — Crude prices reversed from their one-way track of the past five sessions to settle lower on Monday as the dollar and U.S. bond yields took flight instead over renewed worries about impending Federal Reserve rate hikes. Like a drone that never misses its target, Fed Vice Chair Lael Brainard’s…