Saudi Think Tank Studying Hypothetical World Without OPEC
- Study looks at oil-market impacts of reduced spare capacity
- Saudi-funded research center headed by former U.S. EIA chief
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A Saudi think tank is studying what happens to oil markets in a world without OPEC.
“We’re looking at what happens if there’s no spare capacity,” said Adam Sieminski, who heads up the King Abdullah Petroleum Studies and Research Center in Riyadh. “One scenario to that is OPEC doesn’t exist.”