With oil prices down some 40% in a

With oil prices down some 40% in a year, the oil ministers of the Organization of the Petroleum Exporting Countries (Opec) are once again getting together in Vienna this week to decide whether to cut output or keep pumping crude oil into a market that is already oversupplied.
Six months ago, Opec's lack of consensus on a similar decision cost them almost $6 a barrel.
Some may argue that in a changing world, Opec is no longer as relevant to global oil markets, but Opec summits still command attention in both the industry and the global media and this week's meeting is no exception.
Opec has 12 member countries that between them sit on 80% of the world's oil reserves and produce four in every 10 barrels of oil.

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With oil prices down some 40% in a year, the oil ministers of the Organization of the Petroleum Exporting Countries (Opec) are once again getting together in Vienna this week to decide whether to cut output or keep pumping crude oil into a market that is. already oversupplied.
Six Months ago, OPEC's Lack of consensus on a Similar decision cost them Almost $ 6 a Barrel.
Some May argue that in a changing World, OPEC is no Longer As relevant to Global Oil markets, but OPEC summits still Command Attention in both. the Industry and the Global Media and this week's Meeting is no Exception.
OPEC has 12 Member Countries that between them SIT on 80% of the World's Oil Reserves and Produce Four Barrels of Oil in Every 10.