OPEC's share of global oil production since 1973
Oil and OPEC have both lost some of their dominance in energy markets since 1973.
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2022
0.28
0.30
0.32
0.34
0.36
0.38
0.40
0.42
0.44
0.46
0.48
0.50
OPEC share of oil supply
Oil share of energy demand
0.36
0.32