OPEC

He Ain’t Heavy, He’s My (OPEC) Brother

Algeria hopes to reconquer the US market after its direct crude oil exports to North America faded to zero over the past five years, edged out by a tide of similar light US shale oil. The strategy is closely tied to Venezuela, Algeria’s Opec ally, which has offered the Algerians and other members of the producers’ club facing similar difficulties, an opportunity to blend their crudes with its extra heavy output and market...