EconomyWhy a Once-Powerful OPEC Is Losing Global Sway

Name: Why a Once-Powerful OPEC Is Losing Global Sway
Uploaded: 2026-09-12T08:00:37.000Z
Description: OPEC’s long-standing influence over the global oil market is eroding as some members favor immediate sales over production limits. With the UAE already out and Venezuela weighing its options, Saudi Arabia’s ability to shape energy markets is becoming precarious.

OPEC’s long-standing influence over the global oil market is eroding as some members favor immediate sales over production limits. With the UAE already out and Venezuela weighing its options, Saudi Arabia’s ability to shape energy markets is becoming precarious.

Bloomberg Television 2026-09-12 08:00