Will OPEC decrease in relevance and influence by 31 Dec 2024?
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70Ṁ30resolved Jan 10
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Qatar withdrew in 2019, Ecuador in 2020 and Angola left OPEC+ in 2022.
In a world of rising investment in renewable energy sources and geopolitical turmoil, is OPEC becoming less relevant?
This question will be resolved across multiple criteria.
Has the number of member countries to OPEC (not OPEC+) reduced?
Has OPEC market share decrease from 34.2% in 2022 (page 24, fig 7)?
Will the Brent crude ($75.89 a barrel at 2 Jan 2024) and U.S. West Texas Intermediate crude ($70.38 a barrel at 2 Jan 2024) prices be lower in 1 Jan 2025.
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