The future of OPEC: it won’t die, but it will become a different animal

OPEC meeting in Algiers with Algeria's minister of energy Noureddine Boutarfa

Regardless of the outcome of the meeting on 30 November, the future of OPEC looks uncertain. The organisation is facing a perfect storm, squeezed as it is between the revolution in shale oil, which has increased global supply and brought down prices, and the prospect of a global peak demand stemming from climate policies and falling costs of alternatives. Some have even declared the death of OPEC, but according to Thijs Van de Graaf, professor at … [Read more...]