Consequences Or Cooperation: How Will The U.S. Deal With OPEC?

The relationship between the U.S. and OPEC has always been a fraught one, with America pushing the cartel to slash production when oil prices crash and open the taps when prices soar. While cooperation between the two oil and gas powers is normally focused on supply and demand considerations, geopolitical tensions heavily influence any outcome. Today, as tensions between OPEC and the U.S. spike, the timing for both the global economy and energy markets couldn’t be worse. While challenges to the U.S.-OPEC relationship are nothing new, tensions…