I was jesting the other day about who would be on guitar in OPEC’s supergroup, but it got me thinking about the various global oil producers, and how their traits could be reflective of their musicianship. This is where it led me… If OPEC / NOPEC were a supergroup, Saudi Arabia would have to be the band manager: the leader keeping everyone else in check. The kingdom would also double-up as the tour bus driver, given they are the ones driving the rest of the group. If Saudi is the manager, Russia must be the lead singer, stepping into the spotlight and up to the mic. Unlike roadies (the minnows of OPEC / NOPEC), everyone listens to the singer. As the chart below illustrates, Russia has been remarkably successful at dialing back its exports, particularly in the second half of last year, with the likes of Rosneft, Lukoil and […]