How Saudi Arabia Put OPEC's Future At Stake

OPEC’s 60th birthday should have been reason for celebration, but its largest producer Saudi Arabia is increasingly putting its own interests before the cartel’s objectives and has put the very existence of OPEC at stake on a number of occasions Founded 60 years ago this month by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela, the Organization of the Petroleum Exporting Countries (OPEC) originated from a solid base of sensible values centred upon providing a collective voice for oil producers that were being exploited by the ‘Seven…