Oil will skyrocket to $300 if OPEC-Russia alliance disbanded, Saudi institute claims
Oil will skyrocket to $300 if OPEC-Russia alliance disbanded, Saudi institute claims
Without the Organization of the Petroleum Exporting Countries (OPEC) the world will lose its safety net that stabilizes the oil market from supply disruptions and other shocks, according to Saudi independent energy think tank.
“Our analysis shows that back in 2011-2012, when Libya experienced supply disruptions, prices for crude could go far above $200 per barrel. It could happen then and i...