Nov 11, 2022 · OPEC's 13 member states hold over 80% of the world’s proven oil reserves. It aims to regulate oil prices by either reducing or increasing production.

Founded in 1960, the Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental organization with a mission to coordinate and unify the petroleum policies of …

Mar 3, 2025 · The United States has vowed to increase oil and gas production. Yet a shift to renewable energy and other market forces are also influencing the sector.

Jan 14, 2015 · OPEC will continue to meet and hold itself out as a cartel that can control the oil markets, but that time has passed. The cartel was dependent upon Saudi Arabia to use its …

Nov 21, 2022 · Brazil, Indonesia and the Democratic Republic of Congo are in discussions for a new ‘Rainforest OPEC’ deal, the Guardian reports. These countries are currently home to over …

Feb 16, 2022 · What affects oil prices and how do fluctuations impact the wider economy? We discuss rising inflation, post-pandemic economic recovery and the energy transition.

Jan 23, 2025 · Donald Trump told Davos how he will make the US 'stronger, wealthier and more united than ever before', just days after being inaugurated as US president.

Nov 29, 2023 · The environmental impact of the climate crisis is clear, but what about its economic impact on areas like infrastructure, agriculture and tourism?

Jan 12, 2024 · He also represents the Kingdom as a member of the Ministerial Council of the OPEC Fund for International Development (OFID), the IMF Board of Governors, the World …

Feb 25, 2015 · It should be emphasised that the data do not appear consistent with the alternative hypothesis articulated in Arezki and Blanchard (2015) that the OPEC announcement in late …