OPEC should heed lessons from Achnacarry Agreement

21 June 2017, London — OPEC members are struggling to protect their revenues in the face of renewed competition from U.S. shale producers and other suppliers outside the organization. OPEC’s revenues from petroleum exports have fallen to just $446 billion in 2016 from $1.2 trillion in 2012 (“Annual Statistical Bulletin”, OPEC, 2017). But past experience […] More »