OPEC's Declining Influence Amid Rising U.S. Oil Production
Saudi Arabia, a key member of OPEC, is grappling with challenges to its dominance in the global oil market. One of the primary threats stems from increasing U.S. oil production, particularly through shale extraction, which has steadily reduced global reliance on OPEC's output. The United States is now one of the largest oil producers globally, reshaping energy trade dynamics and limiting OPEC's ability to influence prices through supply cuts