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WSJ: Saudi Arabia think tank is studying potential breakup of OPEC

Published 11/08/2018, 02:45 PM
© Reuters.  WSJ: Saudi Arabia think tank is studying potential breakup of OPEC
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  • Saudi Arabia’s top government funded think tank is studying the possible effects on oil markets of a breakup of OPEC, WSJ reports, a remarkable research effort for the country that has dominated the oil cartel for nearly 60 years.
  • The study was not triggered by Pres. Trump’s complaints of OPEC over oil prices but provides an opportunity to take U.S. criticism into account, according to the report.
  • Senior Saudi officials reportedly see the study as a high priority economic policy inquiry but does not reflect an active debate inside the government over whether to leave OPEC in the near term.
  • ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, USL, DNO, GULF, OLO, KSA, SZO, OLEM, WTIU, OILK, OILX, WTID, USOI, USOU, USOD, OILD, OILU, USAI
  • Now read: One Final Flush In Crude Oil?


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