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Kremlin energy tsar says OPEC may have to ditch its low-price policy within months Posted 10 September 2015 by Admin. Blog, Industry News

The OPEC oil cartel cannot withstand the pain of low crude prices indefinitely and may be forced to abandon its pugnacious bid for market share within months, Russia’s
chief energy official has predicted. Arkady Dvorkovich,
the deputy prime minister, said OPEC producers are suffering
the ricochet effects of their attempt to flush out rivals by
flooding the world with excess output. “I don’t think they really
want to live with low oil prices for a long time. At some point
it is likely that are going to have to change policy. They can
last a few months, to a couple of years,” he told The Telegraph. read more

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