The old OPEC is no more, and its future existence is inextricably linked with the struggle between leading energy states to expand their influence.

More than two months have passed since then, and the breakdown of the talks in Doha proved that the premature optimism was likely based on the desire of market players to overcome their "unlucky streak", rather than on any real shifts in the oil and gas sector. Despite the fact that a final document was signed – a document that is thin in terms of setting stringent conditions, but has nevertheless helped calm market panic – Saudi Arabia called a halt to the negotiations, citing Iran's refusal to take part in the Doha process . OPEC has once again proven ineffective after the Persian Gulf states started to act in defence of their own interests, paying no heed to what the other members of the "oil club" were doing.In December 2015, without too much ado in the global media, Indonesia rejoined OPEC ; its membership was suspended in 2009 due to its inability to meet production quotas. Indonesia is a net oil importing country since the 850,000 barrels of oil it produces daily constitute only half of its required daily norm.