The OPEC governments mainly financed their budgets by relying on oil production, similar to many other governments …

OPEC's domestic oil consumption has increased seven-fold in 40 years, to 8.5 million barrels per day (mbd). They ….1% annually, faster than their income growth of 3.1% – will challenge OPEC's ability to increase their oil exports, which are … British Petroleum (BP). However, these institutions assume unprecedented slowdowns in OPEC oil consumption – from 5.1% annual …