OPEC

It was the same then too, in the mid-1980s, just prior to the global oil market crash. Growing calls for the Organization of the Petroleum Exporting Countries (OPEC) to open its taps were emanating from every quarter. The same appears to also be the case now.

The pressure is once again building up. The clamor for OPEC to open its taps is becoming vociferous
The London-based Center for Global Energy Studies in a blunt message says oil prices are no longer being driven by the strength of demand, but