OPEC Is Running Out Of Time
OPEC’s obituary has been written many times since its inception in 1960, but the cartel always finds a way to set aside internal disputes in the name of maintaining higher oil revenues and geopolitical clout. But OPEC’s future is more tenuous today than ever before because the Saudi-led group’s problems are external and can’t be fixed in-house. More evidence of this begins to show by the day, most recently with the cartel’s decision to postpone its April ministerial meeting until June. The hope is that OPEC and partner Russia will ...
Read More »