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The differing economic needs of OPEC member states often affect the internal debates behind OPEC production quotas. Poorer members have pushed for production cuts from fellow members, to increase the price of oil and thus their own revenues. [ 111 ]
Member state Joined Population Muslim percentage Area (km 2) Languages Notes Afghanistan Capital: Kabul 1969 41,144,133 [2]: 99.7 [3]: 652,230: Dari Pashto: Suspended 1980 – March 1989.
Rank State Exports (US $) Date of Est. 1 United Arab Emirates 308,500,000,000 2017 2 Malaysia 207,370,000,000 2020 3 Turkey 203,290,000,000 2020 4 Saudi Arabia ...
The OPEC+ members decided at an online meeting to postpone production increases that had been scheduled to take effect Jan. 1. The plan had been to start gradually restoring 2.2 million barrels ...
OPEC, the Organization of the Petroleum Exporting Countries, an organization of thirteen countries accounting for an estimated 42 percent of global oil production and 73 percent of the world's proven oil reserves. (OPEC+: the OPEC countries plus Russia)
OPEC+ member nations have agreed to extend their voluntary cuts to crude oil production through the second quarter, the group announced Sunday. The move is a part of the group’s perpetual ...
DUBAI (Reuters) -OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter, giving extra support to ...
Pages in category "Member states of OPEC" The following 13 pages are in this category, out of 13 total. This list may not reflect recent changes. A. Algeria; Angola; C.