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The oil market’s fate isn’t in OPEC’s hands anymore

THE STREET·2h ago·3 min read
Photograph via The Street
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The most powerful player in any market is the one who can set the price and make everyone else live with it. For half a century, one group did exactly that with oil. When it held barrels back, prices climbed. When it opened the taps, prices eased, and the rest of the world arranged its plans around …

The most powerful player in any market is the one who can set the price and make everyone else live with it. For half a century, one group did exactly that with oil. When it held barrels back, prices climbed. When it opened the taps, prices eased, and the rest of the world arranged its…

The most powerful player in any market is the one who can set the price and make everyone else live with it. For half a century, one group did exactly that with oil. When it held barrels back, prices climbed. When it opened the taps, prices eased, and the rest of the world arranged its plans around …

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