OPEC Mideast Political Tensions Cast Shadow as Glut Approaches

摘要

Opec has tried its best over the last decade to persuade one and all that political rifts between its member states don't affect its prudent management of the oil market. Even when politics roiled the waters in June 2011, the group righted the ship at the very next meeting with an eye to calming markets (EC Dec.16'11). In 2013, however, a potentially heavily oversupplied market could require tough choices on cuts versus price at a time of high budgetary requirements and heightened tension among Mideast members, severely testing whether countries can still separate politics from responsible oil policy in a period of revolutionary regional change.