Notice that all countries in Figure (1) except the US and Norway are members of OPEC+.
OPEC+ (Now called DoC by OPEC and represents the countries that signed the “Declaration of Cooperation” in 2016) will meet on June 1. We will post our views over the weekend. Also, check out this news below:
Clarification: these are "seaborne" exports, NOT total exports. If we add rail and pipeline exports, Canada would have been third, ahead of the US. Russia's exports would be higher. Norway would be ahead of Brazil.
Missing Canada?
Thanks, Larry. I should added "seaborne". My mistake. Substack doesn't allow changes in Threads, so I could not add "seaborne" but I added a comment.
Clarification: these are "seaborne" exports, NOT total exports. If we add rail and pipeline exports, Canada would have been third, ahead of the US. Russia's exports would be higher. Norway would be ahead of Brazil.