Barkindo: OPEC’s challenge has always been to depoliticise oil

Sure, and what exactly is a monopoly again?

  • The world is becoming unpredictable in terms of economic outlook and geopolitics
  • Saudi attack is almost behind us thanks to swift response
  • Number one issue we face today is the risks to the global economy
There is no doubt that the bloc still has a strong hold over the oil market but it has been quite the fall from grace ever since fracking and shale oil made its entrance in 2014.