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The World's Oil Producers Prepare for a New Era of Low Prices

Jan 7, 2019 | 10:00 GMT
An Austrian soldier guards OPEC headquarters in Vienna on Nov. 29, 2016, ahead of a meeting by the organization.

An Austrian soldier guards OPEC headquarters in Vienna on Nov. 29, 2016, ahead of a meeting by the organization.

(JOE KLAMAR/AFP/Getty Images)

Heading into 2019, oil producers are getting the feeling that they've seen this market before. That suspicion was reinforced last month when the price of global benchmark Brent crude briefly fell below $50 for the first time since June 2017. In addition, for the second time in five years, declining...

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