There is mounting evidence that global oil demand will peak between 2020 and 2040, supported by rational economics (inter-fuel competition and efficiency gains) and environmental policies. The perspective of a peak in world oil demand poses a serious economic threat to petrostates whose GDP...

Low oil prices are hurting OPEC countries' budgets. However, differences in their ability to cope with depressed prices have increased the likelihood that the cartel will keep on pumping, creating further downside risks to prices and Texas oil producers