Search results
Results from the WOW.Com Content Network
The Organization of the Petroleum Exporting Countries (OPEC / ˈ oʊ p ɛ k / OH-pek) is an organization enabling the co-operation of leading oil-producing and oil-dependent countries in order to collectively influence the global oil market and maximize profit.
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 ...
In 1973, Arab members of the Organization of Petroleum Exporting Countries brought the U.S. economy to its knees. Since Saudi Arabia and other Arab OPEC members imposed their famous oil embargo as ...
List of OPEC secretaries general No. Name Country Tenure 1: Fuad Rouhani [A] Iran [B] 21 Jan 1961 – 30 Apr 1964 2: Abdul Rahman al-Bazzaz [A] Iraq [B] 1 May 1964 – 30 Apr 1965 3: Ashraf T. Lutfi Kuwait [B] 1 May 1965 – 31 Dec 1966 4: Mohammad Saleh Joukhdar Saudi Arabia [B] 1 Jan 1967 – 31 Dec 1967 5: Francisco R. Parra Venezuela [B]
BofA has estimated that non-OPEC countries will account for around 70% of market share in the first quarter of 2025. These countries have gradually outpaced OPEC+ since 2017, data from the bank ...
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
Congressional Democrats are investigating whether leading US oil companies have illegally colluded with each other and with OPEC to inflate prices at the pump, CNN has learned.
Since Saudi Arabia and other Arab OPEC members imposed their famous oil embargo as retribution for U.S. support for Israel during the Yom Kippur War, shifts in global politics and a surge in ...