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Leadership clash could leave OPEC vulnerable

Posted on 10 December 2012

As OPEC meets in Vienna this week, discussions are likely to be dominated by clashes over the appointment of a new leader for the group, leaving it ill-equipped to grapple with a major shake-up under way in the global oil market.
Insiders and analysts say the Organization of the Petroleum Exporting Countries has little chance of responding effectively to the shale-oil boom, which is forecast to rewrite global trade movements and turn the U.S. into the world’s largest oil producer by 2020, if it can’t overcome its divisions and agree on a candidate to lead the group for the next three years………………………………………..Full Article: Source


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