Saudi Arabia, OPEC’s Anchor, Ponders a Future Without the Cartel
Kingdom, under pressure from U.S. and investors, researches possible impact of a breakup of oil producers’ group
Saudi Arabia’s top government-funded think tank is studying the possible effects on oil markets of a breakup of OPEC, a remarkable research effort for a country that has dominated the oil cartel for nearly 60 years.
The effort coincides with new pressures on the Saudi government, including from the U.S., where President Trump has accused the cartel of pushing up oil prices, and from investors who distanced themselves from the kingdom after the brutal killing of a U.S.-based Saudi journalist.
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