Are OPEC Countries Creditworthy At $50 Crude?

Oilprice.com ^ | 01-12-2015 | Dalan McEndree

[bananaman22]

As the December 4, 2015 OPEC meeting in Vienna approaches, all eyes are on Saudi Arabia and its Gulf Arab allies in OPEC—Kuwait, United Arab Emirates, and Qatar—and their decisions on crude output levels.

Will these four influential crude producers or won’t they, governments, energy companies, and industry observers worldwide ask, accede to the wishes of their fellow OPEC members and proactively rebalance the global crude market to save their fellow OPEC members’ faltering economies and energy industries? Are governments, energy companies, and industry observers asking the right question? Probably not: these four influential OPEC members should be worrying about their own economies and energy industries.