Potential Pitfalls to OPEC’s Latest Agreement: Why it May Not Deliver a Long-term Price Rise

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Reports and presentations on the European Gas Market
European Gas Hub Analysis
Published 01/10/2017 by Dr Scott Summers

It has become increasingly evident that OPEC is abandoning its strategy of flooding the market with cheap oil in an effort to ‘kill off’ the US shale industry; a strategy that has failed to deliver on its aims. OPEC is now willing to lose market share in order to see oil prices rise again.

 
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