India, April 30 -- By Nikhil Dedha

Singapore, April 30 (ANI): The dominance of OPEC in the global oil market is gradually weakening, and the current supply disruption linked to the Strait of Hormuz could take up to six to nine months to normalise, said June Goh, Senior Oil Market Analyst, Sparta Commodities.

In an exclusive conversation with ANI on Thursday, Goh said the reduced influence of OPEC is not a sudden development but a trend that has been evolving over the years, particularly with the rise of US shale production.

"I think the trend started from back in the 2010s when US Shale became a big thing, and in the 2020s, there was another re-emergence of US crude being politically available in the market... So there is already a red...