OPEC Relevance Falling. Back in 1973 OPEC Accounted for Just Over Half of ALL Global Oil Production. Its Share Was Already Down to a Third in 2025
OPEC relevance falling: Back in 1973 OPEC accounted for just over half of ALL global oil production. Its share was already down to a third in 2025 (thanks largely to the US shale revolution). Now, the UAE’s departure will take it below 30% for the first time in history.
Germany: Government plans to spend €1.6bn to shield consumers from rising energy prices. That makes Germany the No. 2 spender in Europe far behind Spain.
Oil prices by U.S. state: BREAKING: The average price of a gallon of gas in the US rises to $4.18, the highest level since August 22.
U.S. & China trade: US imports from Taiwan surpassed those from China for the first time in recent history.
Magnet rare earths: Supplies of rare earths used to produce high-performance magnets are among the most highly concentrated of all critical minerals.
