OPEC

Capel/CERA Study Urges Flexibility in OPEC Pricing 

Given the structural changes in the world oil industry over the past 10 years and the prospect of weak growth in oil demand in the next three, it may be time for OPEC to abandon the concept of a rigid price structure centered around a polar benchmark crude in favor of a more flexible system in which prices are free to fluctuate within a range, according to a recent study - "OPEC's Deepening Dilemma" - issued by...