China Will Be The Big Winner In OPEC’s Production Decision

Fool.com Headlines http://ift.tt/1wk3wHR When OPEC decided on Nov. 27 not to reduce production below a nearly 3-year-old cap of 30 million barrels a day, the losers were producers such as the United States, whose boom in shale oil requires expensive extraction methods, and Russia, whose economy relies perhaps too heavily on energy. The effect on China, though, is mostly beneficial.