Tag: Oil Marketing

OPEC should heed lessons from Achnacarry Agreement

OPEC should heed lessons from Achnacarry Agreement

The Achnacarry Agreement was an early attempt to restrict petroleum production By John Kemp Preamble from the Achnacarry Agreement LONDON, June 20 (Reuters) – OPEC members are struggling to protect their revenues in the face of renewed competition from U.S. shale producers and other suppliers outside the organisation. OPEC’s revenues from petroleum exports have fallen […]