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Articles on OPEC

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What goes up… Aku Alip

Will American shale oil go bust?

Oil prices are going through what some have termed Black April, but the bigger question is what happens longer term to US oil.
COVID-19 is resulting in dramatically decreased demand for gasoline and jet fuel, but it’s just the latest in a string of bad news for oil producers. (Shutterstock)

The coronavirus is just the latest blow to oil producers

COVID-19 is a huge challenge for the whole world, and Canadian oil producers, already suffering from long-term market trends, will be particularly badly hit.
Gas prices usually rise heading into long weekends. The reasons behind wild oil price fluctuations, reflected at the pumps, is about a lot more than economics. THE CANADIAN PRESS/Jonathan Hayward

Understanding the rollercoaster ride of oil prices

Oil prices have little to do with supply or demand or even economic forces. Instead, it's all about politics.
OPEC can’t stop the flow. Isaac Urrutia/Reuters

Is OPEC’s oil era over?

OPEC has been declared dead in recent months as the group of oil-exporters has been unable to agree on a plan to stabilize the market. But was it really ever alive in the first place?
Oil’s continuing slide so far isn’t leading to lower U.S. production, but concerns are growing that it’ll drive some out of business. Reuters

Why do oil prices keep going down?

Producers keep pumping more oil, even as prices are falling to fresh 12-year lows every day. What's driving this?
Saudi workers have been given a pay bonus by their new king, but unless oil prices rebound the country will find itself eating into its US$750 billion sovereign nest egg. EPA/Ali Haider

Black oil, red budgets: how long can Gulf states endure low prices?

In his first royal decree, Saudi Arabia’s newly crowned King Salman announced two-month bonuses for state employees, pensioners, students, and recipients of social service programs (that is, everyone in…

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