OPEC

The OPEC (Saudi) Strategy

Summary At the conclusion of its November 2014 meeting, OPEC, led by de facto swing producer Saudi Arabia, went against decades of historical precedent and initiated a global price war. The price of oil tumbled from June 2014 highs of over $110 per barrel (bbl) to less than $50/bbl in January 2015. Prices fell as […]

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