Center for Security Studies

OPEC and Strategic Questions in the Oil Market

Euro Atlantic

The massive expansion of shale oil extraction in the US marked the beginning of a global glut in the petroleum markets. This is just one of many factors raising the pressure on OPEC and other producers. Two possible development trends are emerging.

by Christoph Elhardt
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The global oil market is characterised by an oversupply since the beginning of 2015. Duvignau/Reuters

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