« Back to Main Site

Crude Oil Board

Oil Discussion
It is currently Thu Jun 20, 2013 12:56 am

All times are UTC




Post new topic Reply to topic  [ 3 posts ] 
Author Message
 Post subject: "Oil Prices"
PostPosted: Thu Dec 06, 2007 6:23 pm 
Offline

Joined: Mon Dec 03, 2007 6:43 pm
Posts: 6
Location: Orlando
Hi, I would like to know, who sells oil to the rest of the world? Does OPEC, the producer, act as middleman also?


Top
 Profile  
 
 Post subject: Re: "Oil Prices"
PostPosted: Sun Dec 16, 2007 10:37 am 
Offline
Site Admin

Joined: Fri Aug 18, 2006 5:28 am
Posts: 81
Emilie Young wrote:
Hi, I would like to know, who sells oil to the rest of the world? Does OPEC, the producer, act as middleman also?

Emilie, Oil producing countries and companies sell oil mostly on their own term. OPEC does not sell oil but is an organization similar to a "labor union" where its members meet and try to agree on setting output quotas. In reality OPEC has little enforcement authority and its members do pretty much what they want when they pump and sell oil.


Top
 Profile  
 
 Post subject: Re: "Oil Prices"
PostPosted: Sat Jun 12, 2010 6:16 am 
Offline

Joined: Mon May 03, 2010 10:32 am
Posts: 7
Now OPEC fell their oil production and demand gain due to which oil prices will go up.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 3 posts ] 

All times are UTC


Who is online

Users browsing this forum: Google [Bot] and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  
cron
Powered by phpBB® Forum Software © phpBB Group