OPEC is about to fall below 30% global market share for the first time in three decades after recent production cuts.

They’re cutting further to maintain price stability, but it’s causing them to loose market share like crazy to competitors like US shale producers.

For almost three decades, OPEC has always pumped at least 30% of the world’s crude oil. Probably not for very much longer.https://t.co/Sga8hR7jn6 via @JavierBlas #OOTT pic.twitter.com/uCkahgDakN

— Stuart Wallace (@StuartLWallace) June 30, 2019