In 2021, OPEC estimated that 80% of the world’s proven crude oil reserves were located in member countries, which thus stand to benefit from higher prices. This dynamic has led many economists ...
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Iran calls for OPEC to unite against potential US oil sanctionsIran’s President Masoud Pezeshkian urged OPEC members to unite against possible US sanctions on the major oil producer after US President Donald Trump said he would seek to drive Tehran’s oil ...
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