Oil Leaders
An Insider’s Account of Four Decades of Saudi Arabia and Opec’s Global Energy Policy
Ibrahim Al-Muhanna Columbia University Press, £28
The great economist Adam Smith famously wrote that “people of the same trade seldom meet together, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices”. One of the most notorious of such conspiracies is the Organisation of Petroleum Exporting Countries (Opec). In its
