A defining moment has arrived: why demand for OPEC oil will never be the same
Last month the Paris-based International Energy Agency too conceded that the US was the biggest producer of oil and natural gas liquids. In view of the growing US supplies, the OPEC too is cutting forecast of demand for its own oil by 300,000 barrels a day next year.
- Time for cognitive dissonance: why Gulf investors must ignore oil price trends
- Saudi Arabia and UAE can last a while: why there isn't really an end in sight to the oil price plunge
- With oil prices reaching a two year high, has the oil market re-entered a period of instability?
- Are the objectives of Opec still valid?