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OPEC - Wikipedia, the free encyclopedia

The Organization of the Petroleum Exporting Countries (OPEC; pronounced /oʊ.pɛk/, oh-pek) is a cartel of twelve countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait ...

1973 oil crisis - Wikipedia, the free encyclopedia

The 1973 oil crisis started in October 1973, when the members of Organization of Arab Petroleum Exporting Countries or the OAPEC (consisting of the Arab members of OPEC, plus Egypt ...

OPEC definition of OPEC in the Free Online Encyclopedia.

OPEC: see Organization of Petroleum Exporting Countries Organization of Petroleum Exporting Countries (OPEC), multinational organization (est. 1960, formally constituted 1961) that ...

Organization of Petroleum Exporting Countries: Definition from Answers ...

OPEC ( ) abbr. Organization of Petroleum Exporting Countries ... An organization consisting of the world's major oil-exporting nations, OPEC was founded in 1960 to coordinate the ...

OPEC - Business Exchange

OPEC - updated news, articles and reactions. Find OPEC blogs, resources and related information for business professionals. The Organization of Petroleum Exporting Counties (OPEC ...

OPEC says it has lost control of oil prices - Oil & energy- msnbc.com

With world oil prices north of $50 a barrel and rising, OPEC ministers meeting in Iran Wednesday are grappling with a problem they haven’t confronted in the cartel’s 45-year ...

OPEC - definition of OPEC by the Free Online Dictionary, Thesaurus and ...

OPEC (p k) abbr. Organization of Petroleum Exporting Countries. OPEC Organization of Petroleum-Exporting Countries . Thesaurus Legend: Synonyms Related Words Antonyms

OPEC (multinational organization) -- Britannica Online Encyclopedia

Britannica online encyclopedia article on OPEC (multinational organization), multinational organization that was established to coordinate the petroleum policies of its members and ...

What is OPEC?

Brief and Straightforward Guide: What is OPEC? ... The Organization of the Petroleum Exporting Countries(OPEC) was created in 1960 to unify and protect the interests of oil ...

OPEC

OPEC. The , OPEC, was founded in Baghdad in 1960. The function of OPEC is to regulate oil production, and thereby manage oil prices, in a coordinated effort among the member ...

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The Organization of the Petroleum Exporting Countries (OPEC; , ) is a cartel of twelve countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. OPEC has maintained its headquarters in Vienna since 1965,A brief history of OPEC and hosts regular meetings among the oil ministers of its Member Countries. Indonesia withdrew its membership in OPEC in 2008 after it became a net importer of oil, but stated it would likely return if it became a net exporter in the world again.

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Oil Prices Rebound As OPEC Cuts Expected

10/17/08 Speculation that OPEC will go forward with a sizeable cut in oil production, traders created a rally in the oil pits that allowed crude to settle above $71 a barrel this...

QATAR: OPEC ministers meet

OPEC ministers meet on Thursday (October 19, 2006) to finalise the organization's first output cut since 2004, aimed at halting a precipitous fall in prices and sending a message...

Opec's oil price troubles - 24 Oct 08

As stock markets plunge again the price of oil is also falling. That is not what the leaders of the cartel were hoping for when they announced a production cut of one and a half...

opec????????????

scrooge

I believe it is terrorism and there's nothing subtle about it. OPEC is not and never has been our friend. OPEC money DIRECTLY funds terrorism.

Has OPEC made it harder for the USA to get out of the recession? Should OPEC cut oil production?

robert f

I was just asking the same thing it was expected to cut I think 1.5 million a day but 2.2 that's 750,000 more barrels per day cut Who knows how high gas prices will raise up to now when this s...

When did the US dollar become the official curency of OPEC?

cmw

You're asking about the pricing of oil in dollars rather than in another currency when oil as a commodity and its derivative instruments are traded on world markets? To the best I can ascertai...

What oil companies use only our domestic oil and not from OPEC?

tkept

There is no way to answer this question. While oil companies used to say they sourced only domestic oil, that was essentially a lie, because every oil company participates in exchanges, stores gasoli...