Why OPEC’s losing its ability to set oil prices

OPEC’s glory days of steering global oil prices may be at an end. U.S. shale oil will replace the Organization of the Petroleum Exporting Countries as the first-mover “swing producer,” according to a Goldman Sachs report from the weekend—meaning OPEC is losing its power to set global prices for c…

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Why OPEC’s losing its ability to set oil prices