Opec
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Why the UAEโs Opec exit spells the beginning of the end of Gulf unity
- The United Arab Emirates has informed OPEC of its decision to leave the organization with three days' notice. - This move signals a potential fracturing of Gulf unity, driven by security realignments rather than production quotas. - The UAE's lower break-even oil price compared to Saudi Arabia highlights incompatible survival strategies within the cartel.
Economist Langford Lovell Frederick Rice Price on Market Instability and Cartels
- An interview with the late economist Langford Lovell Frederick Rice Price discusses his theories on market equilibrium and bilateral monopoly. - Price criticizes the Opec cartel for its internal insโฆ