OPEC Cohesion Severely Strained

April 2016

Since the beginning of 2016, the news media have been abuzz with speculation that OPEC and Russia are getting ready to freeze or curtail production in order to raise crude oil prices and alleviate their current financial strains. However many of OPEC’s members might like to engineer a production cutback, they face numerous political and economic obstacles to reaching such an agreement.

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