Commentary / World Jun 9, 2015
OPEC decision reflects new oil market reality
by John Kemp
OPEC's decision on Friday not to cut production was entirely predictable and the only practical option open to its members.
Business / Economy Dec 12, 2014
Oil extended losses below $60 a barrel amid speculation that OPEC's biggest members will defend market share against U.S. shale producers. Brent also slid after closing at the lowest price since July 2009. West Texas Intermediate futures fell as much as 1.9 percent in New ...
Commentary / World Dec 1, 2014
OPEC's other problem: weak demand for oil
by John Kemp
Sluggish demand growth in response to the quadrupling of oil prices between 2002 and 2012 is at least as a big a challenge for OPEC as rising shale output.
Commentary / World Oct 14, 2014
by John Kemp
Saudi Arabia is sometimes likened to a central bank managing the global oil market, adding or withdrawing supplies to control prices. But that vastly overstates the degree of influence, let alone control, that the kingdom exercises over the market.