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Market Impact: 0.55
Is OPEC Losing Its Clout?
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarTrade Policy & Supply Chain
OPEC's influence over global oil markets is weakening as the UAE has exited and Venezuela is considering its options, diluting Saudi Arabia's leadership within the group. The shift would transfer greater oil-market influence to the US and could reduce OPEC's ability to coordinate supply and support crude prices.
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