OPEC
| Use attributes for filter ! | |
| Headquarters | Vienna |
|---|---|
| Austria | |
| Founded | Baghdad |
| Iraq | |
| Currency | Indexed as USD per barrel (US$/bbl) |
| Members | Iran |
| Saudi Arabia | |
| Indonesia | |
| Libya | |
| Iraq | |
| Ecuador | |
| Founders | Juan Pablo Pérez Alfonzo |
| Abdullah Tariki | |
| Secretary general | Mohammed Barkindo |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1377476 |
About OPEC
The Organization of the Petroleum Exporting Countries is an intergovernmental organization of 14 nations, founded on 14 September 1960 in Baghdad by the first five members, and headquartered since 1965 in Vienna, Austria.
Oil cartel leader warns of prolonged high prices
...By Faarea MasudBusiness reporterThe price of oil will continue to stay elevated as demand for energy increases, says the secretary general of Opec+...
Oil prices set to rise as Opec countries cut output
... Members of Opec+ - a group that includes Saudi Arabia and Russia - said they would slash production by two million barrels per day...
Oil prices have soared. Why won't Opec bring them down?
... But members of oil producers group Opec+ - which includes Russia - are not rushing to help out...
Record deal to cut oil output ends, the price war
...The deal represents the largest cut in the oil production, which has agreed to ever have Opec producers and the Nato countries have agreed to a record oil deal, the slash global production by about 10% after a slump in demand, caused by coronavirus lock...
Oil prices set to rise as Opec countries cut output
Some of The World 's top oil-producing countries have agreed to cut the amount they export in a decision expected to raise oil prices around The World .
Members of Opec + - a group that includes Saudi Arabia and Russia - Said they would slash production by two million barrels per day.
The Group aims to support prices which have fallen as The World economy slows.
A barrel of Brent Crude Oil was trading at $84. 06 in late September - Down from highs of around $130 this spring.
However, news of Opec +'s planned production cut pushed prices up by 1% to $92. 74 a barrel on Wednesday.
" The decision is technical, not political, " United Arab Emirates Energy Minister Suhail al-Mazroui told reporters as members of The Organization of the Petroleum Exporting Countries (Opec ) and allies gathered in Vienna to discuss the Plans .
Source of news: bbc.com
OPEC Photos
