Speaking at the International Petroleum Technology Conference ((IPTC)) in Dhahran, Saudi Arabia, Bahrain’s Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa explained why OPEC+ had to take the decision to intervene in the oil market beginning in 2016. He said it was justified because the U.S. government had intervened in the credit market first, enabling the shale revolution to get funded.
"We all believe in the dynamics of free markets. So why then was the OPEC+ decision warranted? I think it all started back a decade ago, when the financial crisis hit in 2008, you