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

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

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Interactive Video

Business, Social Studies

9th - 12th Grade

Hard

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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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3 mins • 1 pt

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