In such challenging times OPEC's key member is Saudi Arabia and the entity with the 'swat' in the organization's deliberations. While it has considerable spending tied to its oil revenue, it's likely not as overextended as many smaller members, e.g. Iran and Venezuela to name two. Strategically, it's long sought to keep the price as high as practical without stimulating alternative fuels and/or major fuel conservation. Currently it's believed to look at $80/barrel as an optimal price level.
Professing fealty to the Saudis?
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