01/22/2015
As oil prices continue to fall, one fact is clear—the MENA region is leading the conversation on the market's future. Since the Nov. 27 decision by the Organization of Petroleum Exporting Countries (OPEC) to maintain current production levels, the cost of crude has dipped as low as US$47 per barrel as of early January. Prices have dropped to the lowest level since the 2009 economic crisis.