INSUBCONTINENT EXCLUSIVE:
(Opinion) Once the undeniable titan of the oil world, OPEC finds its dominance possibly waning in the face of a rapidly changing energy
previous forecast by over 6 million barrels.This significant revision suggests deeper changes are underway in the global oil market.The
evolving policies and gradual shift towards renewable energy, particularly in OECD countries, signal a diversifying energy world where
diversification continues to reshape the global energy market.The increased oil and gas production in non-OPEC nations, notably the U.S.,
current situation.In the past, being a part of OPEC was considered an honor, but now it seems to be a burden.Increased oil production
outside OPEC, undermining its market dominance, has driven down prices in a complex global economy.Non-OPEC nations are reshaping the
reinvent its role will determine its place in the new oil economics.As we witness this unfolding narrative, the only certainty is that the
oil world of tomorrow will look vastly different from that of yesterday.
