Give OPEC more power and let Iran and Saudi bicker

April 19, 2016

A bitter struggle between Riyadh and Tehran has hit the credibility of the group, after their rift stymied a freeze to oil output. The dispute implies the cartel needs reform and more power to offset the political motives of its members. The outcome: a more stable oil market.

Sub-$90 oil would quickly restore OPEC harmony

November 29, 2011

Spats like the one at the oil cartel in June once often stemmed from the hugely different crude prices members needed to balance their books. Now, even Nigeria’s ultra-low $20 a barrel mark six years ago is up to $80. If prices fall anywhere near that level, OPEC will reunite.