The Growing Anti-OPEC Movement Is Disasterous For Oil Markets ...Middle East

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The Growing Anti-OPEC Movement Is Disasterous For Oil Markets
source : OILPRICE ( Middle East ) () 274
Earlier this year, Italy’s then-PM Mario Draghi floated the idea of large oil buyers clubbing together and standing up to OPEC+. The idea did not progress much further than the floating stage because one obvious problem could not be ignored: OPEC would retaliate. Yet it seems that some ideas tend to be so attractive that they resurface, again and again, in slightly different forms. The idea of an anti-OPEC buyers’ club has also resurfaced, and not just that, but a NOPEC bill has moved to the Senate in the United States and, according…

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