November 2002: 51% of World’s Oil Will Come from OPEC by 2025, Says DOE

The US Department of Energy’s Energy Information Administration (EIA) forecasts that in 2025, 51 percent of world oil production will come from OPEC. And two-thirds of OPEC’s production will be coming from the Persian Gulf. According to EIA, OPEC production now accounts for 38 percent of global oil production. [New York Times, 12/26/2002]