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Opec Slides Closer To Collapse As An Oil Glut Overpowers The Oil Price

Opec Slides Closer To Collapse As An Oil Glut Overpowers The Oil Price

Tim TreadgoldContributor

Asia

Three days of falling oil prices is not a crisis for OPEC, the weakening oil producer’s club, but forecasts of a continuation of the price decline could sap what strength remains in an organization once able to dictate the direction of the global economy.

A series of reports released over the past few days threw fresh light on the existential crisis confronting the Organization of Petroleum Exporting Countries which has been explored here before (Opec Is Not Dead Yet, But It Has Lost Control Of The Oil Market, July 2).

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Someone copy-pasted this from here https://www.forbes.com/sites/timtreadgold/2019/09/13/opec-slides-closer-to-collapse-as-an-oil-glut-overpowers-the-oil-price/#2fb11a484ecb

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