Original Article Post Date: Friday, December 2, 2016
By Jacob L. Shapiro OPEC countries have an agreement on production, but will they abide by it?
The Organization of the Petroleum Exporting Countries (OPEC) says its members have approved a plan to cut oil production by about 1.2 million barrels per day, or roughly 1.5 percent of current global crude production.
Original Article Post Date: Thursday, December 1, 2016
By Jacob L. Shapiro
Are Russia’s banks failing or recovering? On Nov. 22, an economist wrote in a Russian-language newspaper: “To judge by the flood of complaints, guarantees on bank deposits are ceasing to operate. People are often paid a fraction of their deposits and are being told that before closing the bank destroyed its documents, and your copies of the contracts are not binding for us!” (Translation by the BBC.)