OPEC at 65: shifting market dynamics expose frailties

The Organisation of the Petroleum Exporting Countries (OPEC) shows no signs of slowing down in its “golden years”, but question marks about the future of oil demand, as well as the resilience of non-OPEC supply, will weaken the economic ties that bind the group together. As members increasingly look to maximise production, the group will find it even harder to maintain a floor under oil prices, and this will contribute to higher oil market volatility over the coming decades too.

We will be discussing the long-term future of OPEC, as well as the near-term outlook for gold, oil prices, and other commodities, in a Drop-In on Wednesday, 17th September. Register here for the 20-minute online briefing.