The Low Oil Price Guts Another OPEC Oil Exporter

Posted by SRSrocco in Economy, Energy, News, Silver Members on September 20, 2017 — 14 comments

The low oil price is negatively impacting another OPEC oil exporter as it continues to liquidate its foreign exchange reserves.  Algeria, like Saudi Arabia, has seen its international reserves plummet by more than 40% as the oil price fell in half since 2014. Algeria joined OPEC back in 1969 and is currently producing 1.1 million…

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