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ID number:511760
Evaluation:
Published: 13.11.2019.
Language: English
Level: College/University
Literature: 7 units
References: Used
Extract

4. Although, forecasts show that USA are slowly gaining bigger part of the oil
market and will take the lead in the next years, OPEC will still play a major part in the market, because its main connection between intercontinental transactions and restrictions in the oil market. To keep the market somewhat healthy and without some unfair regulations, then OPEC will still stay. Of course, leading players in the market are more and more interested to set their own rules, and try not to follow any regulations to have better advantage of the whole market situation. The key factors for the organization is not to follow the pressure from the big players and don’t make rash decisions in the crisis situations. Optimize the market and seek all the options to enlarge the market and bring more players in for healthier competition.

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