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|08 November, 2018

Saudi Arabia think-tank studying possible effect of OPEC break up- WSJ

The research project doesn't reflect an active debate inside the government over whether to leave the Organization of the Petroleum Exporting Countries in the near term

Image used for illustrative purpose. The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016.

Image used for illustrative purpose. The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016.

REUTERS/Leonhard Foeger

Saudi Arabia's top government-funded think-tank is studying the possible effects on oil markets of a breakup of OPEC, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The research project doesn't reflect an active debate inside the government over whether to leave the Organization of the Petroleum Exporting Countries in the near term, the Journal reported.

OPEC was not immediately available for comment.

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(Reporting by John Benny in Bengaluru; Editing by Maju Samuel) ((John.Benny@thomsonreuters.com; +1 646-223-8780; Reuters Messaging: John.Benny.thomsonreuters.com@reuters.net))