OPEC has come through some turbulent times in the last few years as oil prices fell to decade lows. It has implemented production cuts, has rallied Russia to climb onboard the production cut train, has weathered the rise of US shale to never-before-seen highs, has extended those production cuts, has lifted production to quell a nervous market post-Iranian sanctions, and then has managed to pull a rabbit out of a hat by agreeing to yet another production cut—and OPEC is not finished yet. As we approach the new year, the 15-member-strong OPEC is facing another set of challenges. Here are some of the challenges they will face in 2019: Manuel Quevedo: OPEC’s leadership is crucial to its success. It operates under a rotating presidency, and for 2019, that honor is bestowed upon none other than Venezuela’s Manuel Quevedo. Manuel Quevedo has zero oil industry experience, taking over Venezuela’s crisis-stricken […]