Does the World Need More Oil?

... it risks losing its share in an already oversaturated oil market. In this case, its losses will significantly exceed the figure indicated by the analysts above. Obviously, this logic is shared by the rest of the market: lifting the sanctions against Iran and the U.S. shale revolution caused price panic and everyone wants to get a piece of the pie. It is also worth noting that it will be difficult for member countries to reach agreement: most are currently facing an acute need for funding for their own budgets, and ...