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 …

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 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 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 …

Jun 11, 2025 · Global Gender Gap Index 2025 benchmarks gender parity across 148 economies, offering trend analysis, key findings, and insights into progress since 2006.

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 …