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OPEC Conference delegates at Swissotel, Quito, Ecuador, December 2010. The OPEC Conference is the supreme authority of the organisation, and consists of delegations normally headed by the oil ministers of member countries. The chief executive of the organisation is the OPEC secretary general. The conference ordinarily meets at the Vienna ...
Given that the OPEC member nations included Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela, the Fifth Circuit's opinion sited much case precedence and stated: “Such matters are so exclusively entrusted to the political branches of government as to be largely immune ...
Kazakhstan is among the group of OPEC allies that have joined with the oil cartel to form OPEC+. The Central Asian country pumped about 1.8 million barrels per day late last year .
The path taken by the attackers inside OPEC headquarters. On 21 December 1975, Saudi Arabian Minister of Petroleum Ahmed Zaki Yamani and the other oil ministers of the members of OPEC were taken hostage in Vienna, Austria, where the ministers were attending a meeting at the OPEC headquarters at Dr-Karl-Lueger-Ring 10 (renamed Universitätsring in 2012).
DUBAI (Reuters) -Iran's President Masoud Pezeshkian urged OPEC members to unite against possible U.S. sanctions on the major oil producer, after U.S. President Donald Trump said he would seek to ...
This page is subject to the extended confirmed restriction related to the Arab-Israeli conflict. West Texas Intermediate oil price history from 1950–2000, adjusted for inflation (1947 prices) In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the ...
WASHINGTON/HOUSTON (Reuters) -The United States on Friday imposed new sanctions on eight Venezuelan officials and increased to $25 million the reward it is offering for the arrest of President ...
"Petrocurrency" or (more commonly) "petrodollars" are popular shorthand for revenues from petroleum exports, mainly from the OPEC members plus Russia and Norway.Especially during periods of historically expensive oil, the associated financial flows can reach a scale of hundreds of billions of US dollar-equivalents per year – including a wide range of transactions in a variety of currencies ...