Search results
Results from the WOW.Com Content Network
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 ...
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.
On this day in economic and business history ... The Organization of Petroleum Exporting Countries, better known as OPEC, was formed at the conclusion of the Baghdad Conference on Sept. 14, 1960.
Energy diplomacy began in the first half of the twentieth century and emerged as a term during the second oil crisis as a means of describing OPEC's actions. It has since mainly focused on the securitization of energy supplies, primarily fossil fuels, but also nuclear energy and increasingly sustainable energy, on a country or bloc basis.
The Organization of the Petroleum Exporting Countries (OPEC) comprises countries that have organized to coordinate their petroleum policies for the stabilization of oil markets. Subcategories This category has the following 2 subcategories, out of 2 total.
March 16: OPEC discusses raising prices to offset decline of U.S. dollar value. April 1: OPEC increases posted prices by 5.7 percent. April 18: U.S. Government ends Mandatory Oil Import Program. Program, established in 1959 by President Eisenhower, had limited imports of crude and product east of the Rocky Mountains to a percentage of domestic ...
As demand for fuel plummeted worldwide and the oil industry faced a devastating drop in oil prices, the U.S. took the rare move of stepping into negotiations involving the member countries of OPEC ...
That means OPEC's market power lately is "less than you would imagine," U.S. Assistant Secretary of State for Energy Resources Geoffrey Pyatt told the Wall Street Journal ahead of the oil group's ...