VOICED : OPEP: Vital invertir en la industria para asegurar suministro

VOICED : OPEP: Vital invertir en la industria para asegurar suministro

Assessment

Interactive Video

Business, Social Studies

9th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

OPEC has highlighted the need for significant investments in the oil industry to ensure future supply, as low prices have increased demand. The organization, comprising 14 countries, estimates that $10 trillion will be needed between 2016 and 2040. Oil companies have reduced investments and delayed projects due to the drop in oil prices from $100 to $30 per barrel. OPEC, which supplies a third of the world's oil, reached an agreement in September to cut production for the first time in eight years, aiming for price recovery. The organization also forecasts a significant rise in oil consumption, with transportation infrastructure expanding and the number of passenger vehicles expected to double by 2040.

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