This chart shows how splintered OPEC is
|09/23/2016||Posted by BusinessMediaguide.Com under General World News||
OPEC is holding much-buzzed-about informal talks in Algiers next week.
And as we wait for the meeting’s outcome, it’s worth taking a look at how the cartel’s members are doing.
In a recent report to clients, RBC Capital Markets’ commodities team led by Helima Croft shared a chart comparing a given member’s oil production to its geopolitical risk ranking (a measure created by the team). The higher the geopolitical risk, the more barrels are at risk of going offline.
One thing that particularly stands out in the chart is the grouping of dark colored countries in the upper left of the chart, read more >>>