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The Organization of the Petroleum Exporting Countries (OPEC, / ˈ oʊ p ɛ k / OH-pek) is a cartel enabling the co-operation of leading oil-producing and oil-dependent countries in order to collectively influence the global oil market and maximize profit.
States that form part of the Organization of the Petroleum Exporting Countries (OPEC). Subcategories. This category has only the following subcategory. F.
Map of countries with proven oil reserves - according to US EIA (start of 2017) Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration) A map of world oil reserves according to OPEC, January 2014
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 ...
The twelve countries of the Organization of the Petroleum Exporting Countries (OPEC) are its five founding members – Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela – plus Algeria, Republic of ...
The Organization of the Petroleum Exporting Countries (OPEC) comprises countries that have organized to coordinate their petroleum policies for the stabilization of oil markets. Subcategories This category has the following 2 subcategories, out of 2 total.
Some members of oil cartel OPEC, led by Saudi Arabia, and allied producers like Russia are again deepening their voluntary crude supply cuts. Announcements from several OPEC+ countries extend ...
Thanks to the historic oil price increases of 2003–2008, OPEC revenues approximated an unprecedented US$1 trillion per year in 2008 and 2011–2014. [2] Beyond the OPEC countries, substantial surpluses also accrued to Russia and Norway, [8] and sovereign wealth funds worldwide amassed US$7 trillion by 2014–2015. [25]