Negotiations Over Oil Production Broke Down – but Not for the Reasons You'd Think

In the UAE's oil capital of Abu Dhabi, OPEC and Russia have been negotiating a coordinated cutting of oil production, which would lead to a movement up in global crude prices. Unfortunately, any anticipation about these meetings was effectively negated over the past few days by three unexpected factors. And while the Persian Gulf has long been the center of the world's energy markets, these three factors were, surprisingly, dictated elsewhere... the first one somewhere you'd least expect it... Tags: Crude Oil , Crude Oil Prices , Oil , Oil Prices , oil production , oil sector , OPEC meeting To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Negotiations Over Oil Production Broke Down – but Not for the Reasons You'd Think appeared first on Money Morning - We Make Investing Profitable .