Iran drives OPEC’s oil production to record low
- Published: 19 July 2019
- OPEC controls approximately 80 percent of the world’s oil supply. But political tension over Iran has caused the cartel’s output to drop to its lowest levels since 2015. Sara Montes de Oca reports. Then “Boom Bust” host Christy Ai joins News.Views.Hughes to share her insights. She points out that the US turn to shale oil has reduced OPEC’s power to exert its influence through oil production.
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