answersLogoWhite

0

OPEC's power has been limited by the rise of non-OPEC oil producers, particularly the U.S. shale oil industry, which has increased global oil supply and reduced dependency on OPEC oil. Additionally, the growing emphasis on renewable energy and climate change initiatives has shifted investment away from fossil fuels, decreasing the long-term demand for oil and undermining OPEC's influence over global markets.

User Avatar

AnswerBot

1d ago

What else can I help you with?

Related Questions

What two realities have limited OPEC powers?

The 2 realities that have limited their powers are they can't control the world's oil / they expect more than less then 1/2 of the world's crude oil and they don't always act as a group.


What are the release dates for Renovation Realities - 2007 The Schilling Job 4-2?

Renovation Realities - 2007 The Schilling Job 4-2 was released on: USA: 17 April 2010


What are the release dates for Renovation Realities - 2007 The Hopkins Project 2-8?

Renovation Realities - 2007 The Hopkins Project 2-8 was released on: USA: 20 May 2009


What are the release dates for Renovation Realities - 2007 The Lucas Project 2-12?

Renovation Realities - 2007 The Lucas Project 2-12 was released on: USA: 17 June 2009


What are the release dates for Renovation Realities - 2007 The Batmanian Job 5-2?

Renovation Realities - 2007 The Batmanian Job 5-2 was released on: USA: 9 October 2010


What are the release dates for Renovation Realities - 2007 The Harris Job 9-2?

Renovation Realities - 2007 The Harris Job 9-2 was released on: USA: 25 August 2012


What are the release dates for Renovation Realities - 2007 The Mitchell Project 2-13?

Renovation Realities - 2007 The Mitchell Project 2-13 was released on: USA: 21 February 2009


What are the release dates for Renovation Realities - 2007 The Ally Job 11-2?

Renovation Realities - 2007 The Ally Job 11-2 was released on: USA: 7 September 2013


What are the release dates for Renovation Realities - 2007 The Farzner Job 12-2?

Renovation Realities - 2007 The Farzner Job 12-2 was released on: USA: 18 January 2014


What are the release dates for Renovation Realities - 2007 The Biddle Job 2-1?

Renovation Realities - 2007 The Biddle Job 2-1 was released on: USA: 1 April 2009


What are the release dates for Renovation Realities - 2007 The Schmieding Project 2-7?

Renovation Realities - 2007 The Schmieding Project 2-7 was released on: USA: 13 May 2009


What are the release dates for Renovation Realities - 2007 The Williams Project 2-10?

Renovation Realities - 2007 The Williams Project 2-10 was released on: USA: 3 June 2009