Is the End in Sight for OPEC?

Is the End in Sight for OPEC?

from OilPrice.com Daily News Update by diplomat@oilprice.com (Diplomatic Courier)

OPEC oil powers met in Vienna on Wednesday two weeks ago for their biannual meeting, but the oil-producing countries failed to come to an agreement to raise crude production, as was previously expected. Unrest in the Middle East provided a context to the meetings that prevented Saudi Arabia from being able to exert the deciding influence over the organization’s decisions that it has in the past. Saudi Oil Minister Ali Naimi declared to the press after that it was “one of the worst meetings we ever had.”
OPEC countries have divided into two camps. The currently victorious camp, with Iran, Venezuela,
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