Is OPEC Counting Too Much On Venezuela Sanctions?

The Organization of Petroleum Exporting Countries (OPEC)
released its monthly oil market report on Thursday, and the news
was enough to send WTI below $50 after a brief week-long rally. The
report indicated OPEC’s production reached a new height in July, as
members pumped above and beyond the production cuts agreed to last
November and extended this May. Within the group, however, there’s
lots of potential for disruption, which could send prices up or
down depending on circumstances. Total OPEC production reached its
highest level all…

The Organization of Petroleum Exporting Countries (OPEC)
released its monthly oil market report on Thursday, and the news
was enough to send WTI below $50 after a brief week-long rally. The
report indicated OPEC’s production reached a new height in July, as
members pumped above and beyond the production cuts agreed to last
November and extended this May. Within the group, however, there’s
lots of potential for disruption, which could send prices up or
down depending on circumstances. Total OPEC production reached its
highest level all…