" I can assure you that within policy framework that there is no consideration whatsoever to eliminate OPEC , " Saudi Energy leader Khalid Al - Falih said at a conference in Abu Dhabi . Speculation has swirled since it was reported that a Saudi Arabian government - funded think tank is investigating the potential possibility of a break - up of OPEC . Industry observers said the former Adbullah Petroleum Studies and the Center ’s work did not mean a departure was part of active Saudi discussions about leaving an organisation it dominated .
"I can assure you that within policy circles that there is no consideration whatsoever to eliminate OPEC," Saudi Energy Minister Khalid Al-Falih said at a conference in Abu Dhabi. Speculation has swirled since it was reported that a Saudi Arabian government-funded think tank is considering the potential effect of a break-up of OPEC. Industry observers said the King Adbullah Petroleum Studies and Research Center’s work did not mean a departure was part of active Saudi thoughts about leaving an organisation it dominated.