Fueling Defiance: OPEC’s Strategic Counter to U.S. Oil Sanctions

By forming a collective pact to resist U.S. economic pressure, OPEC challenges the dominance of unilateral sanctions and sets a precedent for similar multilateral resistance in other industries. The article analyzes the potential global economic impacts, particularly on oil prices, and examines how OPEC’s actions could influence U.S. consumers and developing nations. It concludes by addressing the broader geopolitical shifts that could arise from this collective resistance.

Columns, OpinionMridhula BharathwajFebruary 23, 2025Global, Oil, OPEC, Opinion, Column, ColumnsComment

OPEC’s Role in the Gas Price Crisis

“Following a crash in oil prices from the pandemic, oil companies have since moved to secure for themselves more certain assets and deals rather than tempting risk. Over the past year, expansion to new lands in exploration of oil deposits have declined drastically.“

Global, Editor's PicksColby KelleyNovember 9, 2022OPEC, World Inflation, Global, Editor's PickComment