Making sense of OPEC's oil strategy

OPEC's decision to maintain production amid sinking oil prices is similar to the actions taken by Rio and BHP to drive out high-cost production in iron ore.

Saudi Arabia’s oil minister this week made it brutally clear why the Saudi-led OPEC chose to maintain production in the face of plummeting oil prices. It was a strategy, he said, not just in response to the plunge in the price but for the future.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles