Continued weakness in the price of oil seems likely, as signaled by OPEC's failure in December to agree on a production ceiling. (canadianbusiness.com)
That the cartel as a whole exceeded its production ceiling last month suggests that each member - nation is making its own rules up anyway, regardless of what was decided. (usfunds.com)
This freefall to prices in the thirties and even, at times into the upper twenties, was driven primarily by OPEC's decision to eliminate the production ceiling limit it has employed in the past and to increase production to 31.5 million barrels per day. (pnc.com)