Think Tank: Opec Decides Not to Exercise its Power to Cool Prices

摘要

Because Opec members have spare production capacity, they have the power to cool global oil prices, but they are choosing not to exercise that power, according to the London-based Centre for Global Energy Studies (CGES). In its monthly report, released Monday, CGES says Opec's conviction that speculative activity has driven up oil prices has prevented the group from seeing that the world may need more of its oil.