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Commodities Briefing - Categorized | Oil, Price Watch more

OPEC cannot sustain high oil prices forever

Posted on 28 January 2013

OPEC’s influence on oil prices is very visible in the short run, but it is less certain that its pricing power can be maintained in the long term, according to a thoughtful review published by Bassam Fattouh and Lavan Mahadeva of the Oxford Institute for Energy Studies.
Fattouh and Mahadeva examine how OPEC’s strategy and power over oil prices have varied over time depending on market conditions and the interaction among OPEC members……………………………………….Full Article: Source


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