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Dissent Within OPEC Erodes Cartel Power
Vienna AP reports sharp internal dissent within OPEC has left the cartel weakened and questions rise about oil prices as Iran challenges Saudi Arabia. Despite quota breaches, prices hover near $100, with markets focusing on supply. Analysts warn OPEC may be breaking up and will not return to a unified, powerful regulator.
MENTIONED IN THIS ARTICLE
Vienna
OPEC
Iran
Saudi Arabia
United States
Organization of the
U.S
Monument Securities Research
Gulf
Marco Ostwald
Monument Securities
Cameron Hanover
Jason Schenker
Prestige Economics
Mideast
Olivier Jakob
Petromatrix