- Africa Oil & Gas: BP Oil-Buying Spree Jolts Sleepy West African Crude Market
- Mozambique Energy: Cahora Bassa hydroelectric plant to invest €500 million in 10 years
- Mozambique Oil & Gas: Vivo Energy buys 225 petrol stations from Moz, Gabon
- Markets: OPEC Warns of Threats to Oil Supply
- Markets: Oil Rises as Saudis Said to Be Content with Prices Over $80
Reuters argues that oil policy is now being driven by Saudi Arabia and Russia, and OPEC, as we have known, is obsolete.
“OPEC is no longer the primary decision-making forum for producing countries trying to coordinate policy on output and prices. Real decision-making power has passed from OPEC and its group of allies into the hands of Saudi Arabia and Russia,” Reuters wrote.