opec

opec

OPEC days numbered? World Bank report predicts organization will lose oil influence

3d ago
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The days of the Organization of the Petroleum Exporting Countries (OPEC) could be numbered, according to a new report from the World Bank. It claims the cartel of oil producers is losing its influence on global prices due to changing market conditions and technological advances. RT asks economist Max Fraad Wolff about the predictions. RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday Like us on Facebook http://www.facebook.com/RTnews Follow us on Twitter http://twitter.com/RT_com Follow us on Instagram http://instagram.com/rt Follow us on Google+ http://plus.google.com/+RT Listen to us on Soundcloud: https://soundcloud.com/rttv RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.