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Subsequent reports from 2022 indicate that OPEC member countries were then responsible for about 38% of total world crude oil production. [3] It is also estimated that these countries hold 79.5% of the globe's proven oil reserves, with the Middle East alone accounting for 67.2% of OPEC's reserves. [184] [185]
OPEC+, which includes Saudi Arabia as the dominant member of the OPEC producers’ cartel, and Russia as the leading non-OPEC member in the 22-country alliance, have imposed several sets of cuts ...
List of OPEC secretaries general No. Name Country Tenure 1: Fuad Rouhani [A] Iran [B] 21 Jan 1961 – 30 Apr 1964 2: Abdul Rahman al-Bazzaz [A] Iraq [B] 1 May 1964 – 30 Apr 1965 3: Ashraf T. Lutfi Kuwait [B] 1 May 1965 – 31 Dec 1966 4: Mohammad Saleh Joukhdar Saudi Arabia [B] 1 Jan 1967 – 31 Dec 1967 5: Francisco R. Parra Venezuela [B]
States that form part of the Organization of the Petroleum Exporting Countries (OPEC). ... Former OPEC member states (4 P) Pages in category "Member states of OPEC"
The Organization of Oil Exporting Countries -- better known as OPEC -- has been a dominant player in the oil market since it was formed in 1960. The 12 member countries have provided over 40% of ...
Approximately 72% of world oil production came from the top ten countries, and an overlapping 35% came from the twelve OPEC members. Members of OPEC+ , which includes OPEC members produce about 60% of the world's petroleum. supply and demand In addition to being top 5 in oil production, the United States and Russia are also top 5 in oil exports ...
NEW YORK (Reuters) -Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured prices, reversing earlier gains driven by ...
Permanent members include Chile, Colombia, Mexico, and Peru. The Pacific Pumas, a political and economic grouping of countries along Latin America's Pacific coast that includes Chile, Colombia, Mexico and Peru. The term references the four larger Pacific Latin American emerging markets that share common trends of positive growth, stable ...