Today, Monday [08-09-2008], there will be an OPEC Meeting. This event will be carried out in Vienna, heart of Austria, for the next three days (European Business Hours).
What is OPEC?
The Organization of Petroleum Exporting Countries (OPEC) will begin their 149th meeting in Vienna to discuss a range of issues related to the oil markets, most importantly whether to not to adjust oil production by OPEC nations. OPEC members are expected to talk with the press throughout the 3-day meeting and a press conference is usually held at the conclusion. OPEC contributes 40% of the world's oil and their policies can have a dramatic effect on oil prices, which in turn can affect currency prices of most nations.
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Monday, September 08, 2008
OPEC 149th Meeting....
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