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Saudi Arabia ponders a future without OPEC

From marketwatch.com

Saudi Arabia’s top government-funded think tank is studying the possible effects on oil markets of a breakup of OPEC, a remarkable research effort for a country that has dominated the oil cartel for nearly 60 years. The effort coincides with new pressures on the Saudi government, including from the U.S., where President Donald Trump has accused the cartel of pushing up oil prices LCOF9, -1.53% CLZ8, -1.46% and from investors who distanced themselves from the kingdom after the brutal killing of a U.S.-based Saudi journalist. While the think tank’s president, Adam Sieminski, said the study hadn’t been triggered by ... (full story)

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  • Category: Fundamental Analysis