Friday’s OPEC meeting of the cartel is likely to see Saudi Arabia and nonmember Russia prevail in boosting oil output despite the objections of Iran, Iraq and Venezuela
OPEC is back to its squabbling ways after an unusual period of near harmony. But investors who are bidding up oil prices in the expectation of a split are misunderstanding both the history of the cartel and the current state of the oil market.
https://www.wsj.com/articles/ignore-the-opec-drama-more-oil-is-coming-1529341443
