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As OPEC members grew weary of a multi-year supply-contest with diminishing returns and shrinking financial reserves, the organization finally attempted its first production cut since 2008. Despite many political obstacles, a September 2016 decision to trim approximately 1 million barrels per day was codified by a new quota-agreement at the ...
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]
This table lists the regional organisations each country is a member of. Table M Member ... African Union, Arab League, OPEC
A ministerial conference of the World Trade Organization, in the Palace of Nations (Geneva, Switzerland).. The following is a list of the major existing intergovernmental organizations (IGOs).
It was somewhat comforting to see the members of the Organization of Petroleum Exporting Countries treat one another civilly at Wednesday's Vienna meeting. The meeting was the first for the ...
To change this template's initial visibility, the |state= parameter may be used: {{Heads of state of OPEC member states | state = collapsed}} will show the template collapsed, i.e. hidden apart from its title bar. {{Heads of state of OPEC member states | state = expanded}} will show the template expanded, i.e. fully visible.
Instead, members are ceding control to non-OPEC producers, such as the US. OPEC's position in the oil market is slipping, and next year's massive supply glut will likely further loosen the cartel ...
On 9 January 1968, three of the then–most conservative Arab oil states – Kuwait, Libya, and Saudi Arabia – agreed at a conference in Beirut, Lebanon to found the Organization of Arab Petroleum Exporting Countries, aiming to separate the production and sale of oil from politics in the wake of the halfhearted 1967 oil embargo in response to the Six-Day War.