With exploration and investment rapidly collapsing outside Opec and the petroleum glut receding, the bloc's clout should grow as demand improves. Some oil executives even predict a supply deficit in the next decade.
MANY are scripting Opec's obituaries. The recent debacle over an output freeze at Doha has strengthened such notions.
True, the 56-year-old Organization of the Petroleum Exporting Countries faces serious threats from divisions within and climate change from outside.