It seems like everyone on Wall Street has been making oil price recovery projections since the price of crude began to collapse in mid-2014. OPEC has certainly been in the driver’s seat, ramping up production in order to keep prices down and drive the competition, particularly U.S. shale, out of business.

The Report

While the rest of the world continues to guess about the future of the oil market, a new OPEC report marked “CONFIDENTIAL” has leaked that provides some insight into OPEC’s long-term strategy and long-term oil price projections directly from the organization itself. OPEC publishes long-term strategy reports every five years, and OPEC members met at their Vienna headquarters on Wednesday to approve the final draft of this year’s report.

The Strategy

OPEC’s long-term strategy of short-term price pain to bring about long-term market share gain is…

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