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In this video, we’re going to dive into four reasons that we believe could possibly bring about the slow death of OPEC.
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Sources:
Trump’s Truth Social post: https://truthsocial.com/@realDonaldTrump/posts/117175567133618952
OPEC’s share of global crude production: https://x.com/EdConwaySky/status/2049132930279121215
https://www.bloomberg.com/gadfly/interactives/2016-how-opec-won-the-battle-and-lost-the-war/#slide-3
US crude production: https://www.eia.gov/todayinenergy/detail.php?id=61545
https://www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php
Biggest oil producers: https://www.bbc.co.uk/news/articles/cj4pxwlr52yo
Venezuela oil exports: https://www.eia.gov/international/analysis/country/VEN
Venezuela quitting OPEC? https://www.bloomberg.com/news/articles/2026-08-28/opec-s-future-darkens-with-venezuela-latest-nation-to-mull-exit
Venezuela crude oil production: https://www.bloomberg.com/news/newsletters/2026-01-05/venezuela-could-take-years-to-boost-oil-output-significantly
Reuters’ report on China’s growing influence on oil markets: https://www.reuters.com/business/energy/opec-loses-oil-market-sway-iran-war-china-gains-influence-2026-08-27/
Price of brent crude: https://tradingeconomics.com/commodity/brent-crude-oil
Iran war pushes global embrace of renewables: https://www.bloomberg.com/news/features/2026-03-26/war-oil-price-shock-sparks-new-interest-in-green-tech-around-the-world
0:00 Why OPEC’s Collapse Seems Inevitable
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