OPEC’s Rise on the Global Stage
Since its establishment, OPEC has expanded its influence over the global market and oil prices.
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Since its establishment, OPEC has expanded its influence over the global market and oil prices.
Non-OPEC supply surge over the past three decades has threatened its influence on market supply and prices.
The OPEC+ group will cut 10 million barrels of oil per day, but Mexico is yet to come on board. A G20 meeting will determine if other producers are willing to reduce output.
