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OPEC's power is at an all-time high and 'the old oil order is back,' says Goldman Sachs commodities chief

1 month ago   |   By Business Insider

Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz Al Saud. Getty Images
"The old oil order is back," Goldman Sachs commodities chief Jeff Currie told CNBC on Monday.
OPEC is the only oil producer in the world with the ability to pump more crude, he noted.
That probably makes the oil group more powerful than it's ever been in its 60-year history, Currie added.
OPEC's power is at an all-time high, according to Goldman Sachs' commodities chief, as the oil group considers cutting production at its meeting this week. The Organization of the Petroleum Exporting Countries and its...
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