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Analyst: Opec losing control over oil price

Opec seems to have lost some of its control over the oil price. The group of oil exporting countries has, among other things, been too slow to react to the shale gas revolution, oil analyst Thina Saltvedt tells Dagens Næringsliv.

The oil organization Opec looks set to lose its ability to control the price and supply of oil, oil analyst Thina Saltvedt of Nordea Markets tells Norwegian business daily Dagens Næringsliv.

She explains that Opec's strategy seems to work on the medium-long term, but that the group of petroleum exporting countries will not possess the same control over the market going forward as it has historically exerted.

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