Published on Monday, July 16, 2018
Will the OPEC succeed again?
Summary
With US having abandoned the nuclear agreement with Iran, oil prices have rebounded amid expectations of a tightening supply. Paradoxically, the higher prices caused concern in the OPEC and amongst its partners. Whilst it is true that higher crude oil prices would lead to a windfall, it would also damage demand from their buyers, including India, China and US.
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- Global
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- Energy and Commodities
- Macroeconomic Analysis
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MN
Marcial Nava