OPEC has decrease their oil output dramatically. By doing so they have recover some loses from the crisis of the mid-2014. Saudi Arabia has refused to restrain its output when Iran is growing in nuclear-related sanctions. Iranian Oil Minister Bijan Zanganeh said that Iran wanted to increase its daily output to levels of 4 million barrels from the 3.8 millions. Libya and Nigeria have been reluctant to limit their output also thanks to further complications in the negotiations. In my opinion, OPEC should make sure that its outputs of oils through out the countries in it. If there is a crisis in a country within OPEC, that could affect the rest of the organization’s oil prices. By bringing the Russians in the conversations of the organization, it could mean that there could be a chance of lowering the prices without an effect in the oil price. These could be a gain-lose or gain-gain situation it would all depend on how well everything flows.
