OPEC

OPEC Vs NON-OPEC: IT’S JUST THE BEGINNING…

A 58% drop in the number of US drilling rigs, followed by a marked slowdown in US oil production growth and US oil drilling, followed by a marked slowdown in US oil production growth and $20/B-plus rally in oil prices since mid-January to above $65/B, has given rise to suggestions Opec’s November 2014 decision not to intervene in oil markets has been vindicated and the struggle for market share between Opec and its...