Will the OPEC succeed again?
Published on Monday, July 16, 2018
Will the OPEC succeed again?
Summary
With US having abandoned the nuclear agreement with Iran, oil prices have rebounded amid expectations of a tightening supply. Paradoxically, the higher prices caused concern in the OPEC and amongst its partners. Whilst it is true that higher crude oil prices would lead to a windfall, it would also damage demand from their buyers, including India, China and US.
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Energy and Commodities
- Macroeconomic Analysis
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Authors
Marcial Nava