OPEC and Allies Agree to Boost Oil Production

Core Viewpoint - The Organization of the Petroleum Exporting Countries (OPEC) aims to reclaim market share that has been lost to U.S. shale producers, as well as to Brazil and Guyana [1] Group 1 - OPEC is focusing on strategies to counteract the competitive pressures from U.S. shale oil production [1] - The organization is also addressing the challenges posed by emerging oil producers in Brazil and Guyana [1]