Did The Arab Spring Disarm OPEC?

OPEC is struggling with a floundering oil market, few
prospects of higher oil prices, competition from U.S. shale, and
dissension within its own ranks. The supply/demand situation is
improving, but at a painfully slow pace. OPEC will meet again in a
few days to try to figure out how to boost compliance with the
collective cuts, but the group is faced with no good options in
trying to balance the market. The prospect of deeper cuts has been
floated, but the risk is that it would require more sacrifice with
an uncertain payoff. In any event, OPEC…

OPEC is struggling with a floundering oil market, few
prospects of higher oil prices, competition from U.S. shale, and
dissension within its own ranks. The supply/demand situation is
improving, but at a painfully slow pace. OPEC will meet again in a
few days to try to figure out how to boost compliance with the
collective cuts, but the group is faced with no good options in
trying to balance the market. The prospect of deeper cuts has been
floated, but the risk is that it would require more sacrifice with
an uncertain payoff. In any event, OPEC…