on geopolitics

Amid Low Oil Prices, OPEC's Divisions Deepen

Matthew Bey
Senior Global Analyst, Stratfor
Feb 9, 2016 | 08:00 GMT
OPEC ministers have less sway over the global oil market than they once did, and the organization has been struggling to deal with a structural shift in production. Market forces will continue to be the biggest influence on oil prices -- boding ill for oil producers.
OPEC ministers have less sway over the global oil market than they once did, and the organization has been struggling to deal with a structural shift in production. Market forces will continue to be the biggest influence on oil prices -- boding ill for oil producers.
(KARIM JAAFAR/AFP/Getty Images)

OPEC ministers have less sway over the global oil market than they once did, and the organization has been struggling to deal with a structural shift in production. In the absence of a coordinated response, market forces will continue to be the biggest influence on oil prices -- boding ill for oil producers....

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