Saudi Arabia's War in Yemen Could Change OPEC's Entire Strategy
Jun 1, 2015
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Elena Holodny
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OPEC's hands-off policy in the oil market is expected to continue after the cartel meets in Vienna on June 5. This policy includes an aggressive pace of oil production despite extremely volatile oil prices. However, if prices once again move significantly lower and look like they'll stay there all the way into 2016, it's "certainly possible" that Saudi Arabia, the most influential member of OPEC, "could still call for a course correction," according to RBC's Helima Croft.