Political Tension in OPEC

Absztrakt

The main purpose of this paper is to review the communication approach of the Organization of the Petroleum Exporting Countries (OPEC) and to link this evaluation to some important key events in the context of the energy market. The main conclusion of this discussion is that OPEC's communication power varies and it is politically oriented not economical. Apparently, there are many examples, especially during the oil price fluctuations, which give a clear clue that this organization failed to communicate internally, thus OPEC lost the power to price oil. As a pioneer energy organization which had power and policy for controlling and regulating energy markets by balancing the supply and demand, currently OPEC has no more influence due to the behaviour of its member states, which is based on political and national interests. OPEC is a weakened organization in the eye of international community stripped of its sovereignty in the energy market.