OPEC ACTIVITIES: ACHIEVEMENTS AND FAILURES
In the context of a dynamically developing energy sector of the world economy, taking into account the implementation of sanctions decisions, the oil market is experiencing strong and versatile pressure. The dominance of OPEC, as the world's largest cartel, is becoming questionable. The general agreements within the framework of the OPEC + union remain problematic. An analysis of the state of the world oil market shows that interest, in fact, in the oil resource is declining. Transport and industry in many developed countries are increasingly switching to alternative options, such as windmills, thermal energy, hydroelectric power stations, etc. New times require modern solutions.