EIA Short Term Energy Outlook: Lowers Global Oil Production Forecast – Analysis
*Global oil markets.* As a result of OPEC+ extending crude oil production cuts, we have reduced our forecast for global oil..
Eurasia Review
The Organization of the Petroleum Exporting Countries is an organization enabling the co-operation of leading oil-producing countries in order to collectively influence the global oil market and maximize profit. It was founded on 14 September 1960 in Baghdad by the first five members. The 12 member countries account for an estimated 30 percent of global oil production.
*Global oil markets.* As a result of OPEC+ extending crude oil production cuts, we have reduced our forecast for global oil..