Key Drivers Influencing Crude Oil Prices
Changes in non-OPEC production can affect oil prices Non-OPEC countries contribute approximately 60% to global oil output. Central to this non-OPEC production are North America, regions of the former Soviet Union, and the North Sea. The chart indicates that from 2005 to 2008, there was only a marginal net increase in oil production from non-OPEC… Read More Key Drivers Influencing Crude Oil Prices
