Saturday, October 22, 2016

OPEC: Frenemies Working Together?!?! What's Next, Trump Conceeding Defeat?

Is frazzled Saudi Arabia unwittingly handing out a lifeline to rivals?

The famously fractious OPEC members seem to be getting along just fine these days. Kingpin Saudi Arabia has deftly manoeuvred to bring recalcitrant members and even OPEC 'frenemy' Russia on the same page to lay the groundwork for a deal in Vienna on Nov. 30. But after failing to win the market share war during the…