We’re Seeing the Death of the OPEC Cartel For more than two decades, the people of Vienna have witnessed a peculiar ritual that’s been a firm fixture of OPEC’s regular gathering: the Saudi oil minister’s morning stroll. The walk-and-talk favored by Ali Al-Naimi, Saudi Arabia’s top oil official until last month, typically saw dozens of reporters turn out at dawn to accompany him down the city’s famous Ringstrasse. His utterances on oil policy often moved the market. But not this time. Al-Naimi’s successor, Khalid al-Falih, brings a new style to the […]