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The oil-producing countries participating in the Declaration of Cooperation, known as the OPEC+, proved once again that they were united, a cohesive ally and could act quickly to market challenges. The recent move of OPEC+ to cut its oil production by 2 million barrels per day was adopted unanimously by the 23 participating countries in the DoC at last week’s meeting in ....
Writing about the Organization of Petroleum Exporting Countries is not an easy task. Nor is writing about an experienced prince who dedicated most of his life to serving his country and the Vienna-based organization that supplies more than 48 percent of the world’s crude oil consumption. But I will start this series of reflections with Prince Abdulaziz bin Salman because he is ....