OPEC's market share is expected to rise to 40% by 2040-2045

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The Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Haitham Al Ghais said the organization's market share is expected to rise to 40% by 2040-2045, Al-Arabiya TV reported on Thursday, Report informs via Reuters

"This will happen after production decreases from countries outside OPEC+ or outside OPEC. The U.S production is expected to decrease by 2029-2030, as well as other countries," he added.

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