OPEC

 

OPEC Cautiously Optimistic On 2014 Demand And Price Prospects

 

OPEC’s key medium term challenge is to keep its head above water for the next decade. Over these 10 years it will have to manage production increases from within its own ranks and continued growth in non-OPEC output, particularly North American light tight oil and oil sands production. But there is also the risk of a near-term sharp price fall should Iraq, Iran and Libya succeed in overcoming...