OPEC Decision: Winners And Losers -- Kim Hjelmgaard, USA Today
VIENNA — The Organization of the Petroleum Exporting Countries chose not to cut oil production levels Thursday, pushing down oil prices and creating winners and losers in the process.
In the winners' corner are the Arab Gulf states, led by Saudi Arabia. The kingdom is likely happy to let oil prices, down 35% since June, adjust on their own accord to maintain market share and revenue levels, said Nayef Nofel Shoshare, a Vienna-based oil expert.
OPEC's largest producer may also be reluctant to show the world it fears the shale-based energy revolution that will lead the United States to become energy independent within the next two decades, according to the International Energy Agency.
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Commentaries, Analysis, And Editorials -- November 28, 2014
Inside OPEC room, Naimi declares price war on U.S. shale oil -- Alex Lawler, Amena Bakr and Dmitry Zhdannikov, Reuters
How the US fracked OPEC: Oil enters new era -- The Age
OPEC’s Weapon of Mass Inaction -- Liam Denning, WSJ
Oil prices plunge after OPEC leaves output stable -- Deutsche Welle
Iran’s not-so-hidden hidden agenda -- Dallas News
Top Nuclear Official: We Have 2 Problems With The Iran Talks -- Michael B Kelley, Business Insider
Do Americans Favor Appeasing Iran? -- Jonathan S. Tobin, Commentary
Why do nearly 40 percent of Germans endorse Russia’s annexation of Crimea? -- Rick Noack, Washington Post
Why Do British Royals Refuse To Visit Israel? -- Elliott Abrams, Council on Foreign Relations
The Chinese Economy Is Facing A $6.8 Trillion Nightmare That Could Get Worse -- Mike Bird, Business Insider
Vietnam, the US, and Japan in the South China Sea -- Alexander L. Vuving, The Diplomat
The South China Sea: Navigating the Most Dangerous Place in the World -- Michael McDevitt, War On The Rocks
How China's shadowy agency is working to absorb Taiwan -- Yimou Lee and Faith Hung, Reuters
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