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 …

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.

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 outsized swing …

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 half of the …

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 Bank Board of …

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.

Jun 19, 2025 · Heads of state will gather at The Hague in the Netherlands from 24-25 June for the NATO Summit, against a backdrop of rising geopolitical tension.

Mar 18, 2015 · Recent developments in oil markets have led to intensive debates about OPEC’s viability and its role in the global crude oil market. OPEC, which was founded in 1960 to “coordinate and unify …