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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). Most view this as a strategy to squeeze the American shale production and other non-OPEC nations. Iran Nuclear Deal: A warning sign for OPEC?

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Saudis Expand Price War Downstream

Green Car Congress

As if being the world’s biggest exporter of oil was not enough, the desert kingdom is now looking to conquer the refining sector as it has quickly become the fourth largest refiner in the world. Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. per barrel while that of Reliance was $8.70