Understanding The Impact Of OPEC Countries On Global Crude Oil Prices

Crude oil is the most important commodity that's traded in the world, and is currently the primary source of energy production. Did you know that India imports 85% of its crude requirement? In fact, most countries are oil importers, since 13 countries, called OPEC countries, hold 80% of the world's proven crude reserves! In this episode of Commodity classroom, let's understand the impact of OPEC on crude oil prices - watch!
#crudeoil #globalcrudeoil #commodities
Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools.
A part of Network18, moneycontrol.com is the most influential destination for stock market news and advice, business news, and news about the Indian and global economy.
Subscribe: bit.ly/moneycontrolyoutube
Follow us:
Visit www.moneycontrol.com/
Facebook: / moneycontrol
Twitter: / moneycontrolcom
Instagram: / moneycontrolcom

[@manan09ful]

I was wondering why are Venezuelans not as rich as Saudis as they are at the top of the list in oil reserves?

[@rakeshraju3722]

Informative indeed 🎉

[@user-zz2mw5lf6k]

So lovely 😂

[@nahaarjun18]

Will touch 100$ soon

[@gurugantaal5782]

Please use Layman English and not Hifi English

[@DurgaShakit]

Translate in hindi

[@feignbird1934]

We need to switch to renewable energy cycle ASAP. We need to decrease our energy consumption until something magical happens (crying in the hope of a sustainable fusion reactor).