OPEC’s market share is expected to rise to 40% by 2040-2045 – Sec Gen tells Al-Arabiya TV

OPEC’s market share is expected to rise to 40% by 2040-2045 – Sec Gen tells Al-Arabiya TV – Reuters

Reporting by Ahmed Elimam, Reuters

DUBAI
EnergiesNet.com 07 06 2023

The Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Haitham Al Ghais said the organization’s market share is expected to rise to 40% by 2040-2045, Al-Arabiya TV reported on Thursday.

“This will happen after production decreases from countries outside OPEC+ or outside OPEC. The U.S production is expected to decrease by 2029-2030, as well as other countries,” he added.

Reporting by Ahmed Elimam; Editing by Nadine Awadalla

reuters.com 07 06 2023

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