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OPEC And The New Power Base In Oil

OPEC And The New Power Base In Oil

May 23, 2017

OPEC members will gather in Vienna on Thursday, May 25 and are likely to announce that production quotas will continue through the balance of 2017. In my latest article for Seeking Alpha, I explain why I believe that the new power base in oil runs from Moscow to Washington to Riyadh and how the cartel is now nothing more than a trade association taking direction from the three leading producing nations who now constitute the power base in the international crude oil market.

Article: OPEC And The New Power Base In Oil

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