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
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7 Comments
So lovely 😂
Informative indeed 🎉
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).
Will touch 100$ soon
Translate in hindi
I was wondering why are Venezuelans not as rich as Saudis as they are at the top of the list in oil reserves?
Please use Layman English and not Hifi English