Oil price chart: How the oil cartel keeps oil cheap

OPEC’s oil cartel is on the brink of collapse, with some members cutting production or leaving the cartel altogether.

The cartel is a cartel in name only.

The oil cartel itself is a huge business, with oil being a major driver of global economic activity.

Its members, which include Saudi Arabia, Iran, Russia, Venezuela and Canada, make up OPEC’s “members-states” of the organization, or MSA, the group’s acronym for the world’s 28 member countries.

That’s why the oil price chart below shows the cartel’s total production and export revenue over the past 10 years.

But as OPEC members look to exit the cartel, the cartel is likely to face a significant drop in its profits, and could end up on the edge of insolvency.

What the chart shows is that OPEC members have made significant strides in reducing their production and exports.

OPEC is currently producing more than 3 million barrels per day (bpd), according to a report from the International Energy Agency (IEA).

But that level of production has declined in recent years, as OPEC has cut production in the wake of the global financial crisis and its response to the war in Syria.

It has also reduced its exports.

And it has slashed its revenues.

In 2011, the IEA estimated that the cartel had reduced its revenues by about $50 billion.

OPEC has reduced its production and its revenues over the years by cutting production, while its share of the world economy has increased.

This chart shows the difference in the cartel output, or price, between the years 2004 through 2010.

OPEC’s output has fallen, which means that its share has increased, too.

OPEC now has just over 1.3 million bpd, down from 1.5 million bp in 2010, according to IEA.

But its share in the world economic pie has not fallen.

It is growing.

Over the last decade, OPEC’s share of global GDP has grown from 9.3 percent in 2004 to 17.3 in 2010.

It now has the world on track to be the sixth largest economy in the next few years, behind China, India, Brazil and the United States, according a report released in May by the ICAO.

The IEA expects that by 2030, the world will be producing more oil than it does today, at a rate of about 1.7 million bdpd.

The global demand for oil will increase, as countries continue to develop and ramp up their economies.

The increase in demand will increase the supply of oil, which will also increase the price of oil.

The OPEC members will face a sharp fall in their revenues, but they will still have a large share of their economy, according the IAA.

They will also have a huge amount of assets.

They are huge businesses that are not dependent on oil, but on the market.

The countries of OPEC are the largest exporters of crude oil in the oil-rich world, and they have the biggest economic impact on the global economy.

The other member states of OPEC, Russia and the European Union, are the other main suppliers of oil to the world market.

These members have been cutting production and cutting off oil exports for years.

That has led to oil prices falling and economic turmoil in the global oil market.

But in the end, the OPEC cartel is not likely to be forced to do much of anything.

There are two main reasons for the OPEC members’ failure to cut production and reduce their exports.

The first is that the members are all relatively small and have little to no production capacity, according, for example, to the International Monetary Fund.

The second reason is that oil producers and exporters have been unable to make a large enough profit from their production or exports.

Many OPEC members, including Russia and Venezuela, have no oil reserves.

This means that they can only produce and export when demand is strong, which it is not.

OPEC member states are able to do this by cutting down on their production.

The United States and its allies, like Saudi Arabia and Venezuela have made large investments in oil exploration and development.

The U.S. has pumped more than $100 billion in oil and gas exploration and production.

And OPEC members like Saudi, Qatar, Iraq and Russia have also been investing in oil production, with the result that they have been able to generate large profits from their investment.

In addition, the economies of the countries of the cartel have not been able make a profit, which has caused oil prices to fall.

OPEC members are making a profit from the decline in oil prices, which is why they are looking to sell off assets, which could result in large losses.

OPEC countries have been selling off assets to other countries to try to keep their oil revenues from being used for the expansion of their economies, and the prices of oil are dropping.

The next chart shows what the price is now for Brent crude, the benchmark price for oil, as of June 30.

The price is down from $


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