OPEC

As global oil prices continue to languish at half mid-2014 levels, OPEC has warned that US oil production could begin to slip by as early as end-2015. But with the International Energy Agency (IEA) adopting a more bullish outlook on US output just days earlier, it is becoming increasingly clear that this latest oil price debate – stoked by OPEC’s November 2014 decision to hold production steady despite rapidly falling oil prices – is set to rumble on for some time...