Tension in OPEC as oil prices rise and Saudi Arabia raises concerns
Photo of an oil rig (Image by Flickr user Jim Hatter (cc:by))
If OPEC doesn’t agree to increase oil production, Saudi Arabian officials have hinted that the country might increase production on its own. Today’s OPEC meeting in Vienna is filled with tensions over oil prices, economics, and global politics. The Takeaway talks with Bhushan Bahree, IHS CERA Senior Director of Global Oil, and Julian Lee, senior energy analyst at the Center for Global Studies, about the meeting.
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