OPEC and Strategic Questions in the Oil Market

Delivering sustainable economic growth
Posted Nov 14, 2017 | Center for Security Studies, Severin Fischer

The OPEC deal is an attempt to signal the organisation’s capacity to respond to the global glut in petroleum markets caused by the rapid expansion of shale oil extraction in the US. According to Severin Fischer of the Center for Security Studies, this is one of many factors putting pressure on OPEC and oil producers. He looks at OPEC’s response to the growing supply of relatively cheap oil, and identifies two possible trajectories for the global oil market.



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