The Organization of the Petroleum Exporting Countries (OPEC, /ˈoʊpɛk/ OH-pek) is an organization enabling the co-operation of leading oil-producing countries...

What is OPEC?". www.weforum.org. Retrieved March 30, 2024. "OPEC: Member Countries". opec.org. Retrieved April 22, 2020. Cohen, Ariel. "OPEC Is Dead,...

Petroleum Exporting Countries (OPEC), based on the organization's official publications.[needs update] The secretary general is OPEC's chief executive officer...

overlapping 35% came from the twelve current OPEC members. Members of OPEC+, which includes current OPEC members produce about 60% of the world's petroleum...

Countries (OPEC), was founded by five oil producing countries at a Baghdad conference on September 14, 1960. The five founding members of OPEC were Venezuela...

semi-annual meeting of OPEC leaders in Vienna, Austria; the attackers took more than 60 hostages after killing an Austrian policeman, an Iraqi OPEC security officer...

May 2021). "OPEC at 60: the world with and without OPEC". OPEC Energy Review. 45 (1): 3–28. Bibcode:2021OEnRv..45....3E. doi:10.1111/opec.12205. ISSN 1753-0229...

by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco, Gazprom...

The OPEC Fund for International Development (OPEC Fund) is an intergovernmental development finance institution established in 1976 by the member states...

The OPEC Reference Basket (ORB), also referred to as the OPEC Basket, is a weighted average of prices for petroleum blends produced by OPEC members. It...

preeminent position, and by 1981, its production was surpassed by non-OPEC countries. OPEC had seen its share of the world market drop to less than a third...

oil, creating an informal alliance of OPEC and non-OPEC producers that was dubbed "OPEC+." By January 2020, OPEC+ had cut oil production by 2.1 million...

are popular shorthand for revenues from petroleum exports, mainly from the OPEC members plus Russia and Norway. Especially during periods of historically...

intend to create a gas cartel equivalent to OPEC which would set quotas and prices. The idea of a gas OPEC was first floated by Russian President Vladimir...

benefited a few members of the Organization of Petroleum-Exporting Countries (OPEC), which made record profits. Under the new Iranian government, oil exports...

kilometers), the US Energy Information Administration (EIA) (49000 km3), and OPEC (48810 km3). However, BP credits Russia with only 32900 km3, which would...

March 2020. "OPEC : OPEC 173rd Meeting concludes". www.opec.org. Retrieved 6 March 2020. "OPEC : OPEC 175th Meeting concludes". www.opec.org. Retrieved...

Belarus's high employment rate and a source of stable employment. In most OPEC countries, the governments own the oil companies operating on their soil...

past president of the OPEC conference with a tenure that expired in January 2016. He has chaired the 168th Meeting of the OPEC Conference held in Vienna...

revenues of OPEC also took a hit since they priced oil in dollars. Finally OPEC started pricing oil against gold to combat the situation. But OPEC still struggled...

of the Petroleum Exporting Countries. He helped to create the OPEC+ alliance between OPEC members and other oil-producing countries. Barkindo previously...

of Islamic Cooperation, Arab League, Arab Air Carriers' Organization and OPEC. Saudi Arabia is a dialogue partner of the Shanghai Cooperation Organisation...

January 1: The OPEC crude oil production quota cuts of 1.5 million barrels (240,000 m3) per day, announced on December 28, officially go into effect for...

a Kuwaiti oil executive who currently serves as the Secretary General of OPEC. From 1991 to 1993, Al-Ghais operated in the Kuwaiti Ministry of Foreign...

market power. The most prominent organizations within the structure are OPEC and the Seven Sisters that include Exxon, Mobil, Socal, Royal Dutch-Shell...

Cairns Group, the World Trade Organization (WTO), and a former member of OPEC. Indonesia has been a humanitarian and development aid recipient since 1967...

of Nations Council of Europe ICC IMF IOC ISO NATO WTO NAFTA OAS OECD OIC OPEC GUAM Organization for Democracy and Economic Development PIF UKUSA Agreement...

and a minister in the Organization of the Petroleum Exporting Countries (OPEC) for 25 years. With degrees from institutions including New York University...

founding member of the Organization of the Petroleum Exporting Countries (OPEC). The Indigenous peoples in Venezuela, like many ancient societies already...

between OPEC's posted price and the market price of oil. The following table shows variations in the posted price and the revenue received by OPEC countries...