OGJ Editorial: OPEC's challenge

It should be easy to predict what the Organization of Petroleum Exporting Countries will do when ministers meet Sept. 19 in Osaka, Japan. Under normal circumstances, the group would raise its quota by an amount approximating its members' total production above the current ceiling. There would be minor quibbling over apportionment of the quota increase among members with idle production capacity. And whatever controversy arose would end quickly and quietly.Circumstances, however, are anything but normal. Uncertainty in the oil market, internal conflict, and geopolitical disputes present the group with more than the usual degree of challenge.The demand questionThe oil market's main ...

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