Will OPEC Really Risk An Oil Price Crash?

The Organization of the Petroleum Exporting Countries and non-OPEC partners led by Russia, are now nearly two years into their production agreement and are expected to roll-over the accord through the end of June 2020 in order to stabilize crude markets and prices. Their goal has so far been elusive amid faltering demand growth and surging production from non-cartel members such as the U.S. and Brazil, which is expected to decrease OPEC’s market share in some of the world’s fastest-growing markets. In their annual World Oil Market Outlook…