Reflecting on 60 Years of OPEC

The video discusses OPEC's fluctuating influence on global oil prices, highlighting key historical events like the 1973 oil shocks and the impact of increased production from non-OPEC countries. It also addresses the ongoing transition from fossil fuels and how major oil producers, particularly Saudi Arabia, are adapting to this shift by diversifying their involvement in the oil value chain.

What role did the fracking revolution play in the dynamics of the oil market?

How is the shift away from fossil fuels expected to impact countries dependent on oil, like Saudi Arabia?

What strategies might OPEC and Saudi Arabia consider to remain relevant in a changing energy landscape?