The Organisation of the Petroleum Exporting Countries (OPEC) shows no signs of slowing down in its “golden years”, but question marks about the future of oil demand, as well as the resilience of non-OPEC supply, will weaken the economic ties that bind the group together. As members increasingly look to maximise production, the group will find it even harder to maintain a floor under oil prices, and this will contribute to higher oil market volatility over the coming decades too.
We will be discussing the long-term future of OPEC, as well as the near-term outlook for gold, oil prices, and other commodities, in a Drop-In on Wednesday, 17th September. Register here for the 20-minute online briefing.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services