Reasons for OPEC’s Failure to Reduce production & Supply
Strategic Council Online: Russia’s creeping penetration in OPEC as a mate to OPEC and its non-cooperation with OPEC in its latest bid to avert further damage to member states shows that OPEC’s monopoly power in the oil market before being defeated by America’s growing power in production and extraction of Shale oil is struck by the double standards strategy and unilateralism of its members with non-member allies.
Reza Majidzadeh – Researcher in Political Economy of Development