For almost three decades, OPEC has always pumped at least 30 percent of the world’s crude oil, creating an informal floor for Saudi Arabia and its allies in the cartel. The level has survived everything from wars and economic crises to terrorist attacks and diplomatic spats.
Bloomberg: Shale fight makes OPEC accept lowest market share since 1991
OPEC logo is seen at the OPEC headquarters in Vienna on May 24, 2017, on the eve of the Organization of the Petroleum Exporting Countries (OPEC) meeting.
