The Weekly Rundown: Italy's Fragile Banks, OPEC Recalibrates and the U.S. Targets China's Trade Deals

In this January 2005 file image, a Kuwait Oil Company employee looks at a newly opened oil-gathering center north of Kuwait City. OPEC is facing multiple threats. Among them: Two of its largest members, Iran and Saudi Arabia, are locked in fierce competition and rising shale oil production from the United States is making it harder for OPEC to control the market.