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What is the meaning of OPEC. Phrases containing OPEC
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What is the meaning of OPEC. Phrases containing OPEC
See meanings and uses of OPEC!OPEC
International petroleum organization
The Organization of the Petroleum Exporting Countries (OPEC /ˈoʊpɛk/ OH-pek) is an intergovernmental cartel enabling the co-operation of leading oil-producing
OPEC
OAPEC petroleum embargo
Countries (OPEC), was founded by five oil producing countries at a Baghdad conference on 14 September 1960. The five founding members of OPEC were Venezuela
1973_oil_crisis
Naturally occurring combustible liquid
within OPEC nations, with the Middle East alone accounting for 67.2 percent of OPEC's total reserves. In a series of steps in the 1960s and 1970s, OPEC restructured
Petroleum
countries, while about 32% came from the eleven members of OPEC. Members of OPEC+, which includes OPEC countries and their partners, accounted for approximately
List of countries by oil extraction
List_of_countries_by_oil_extraction
1975 hostage crisis in Vienna, Austria
semi-annual meeting of OPEC leaders in Vienna, Austria; they took more than 60 hostages after killing an Austrian policeman, an Iraqi OPEC security officer
OPEC_siege
statistics on this page are disputed and controversial — different sources (like OPEC, CIA World Factbook and oil companies) give different figures. Some of the
List of countries by proven oil reserves
List_of_countries_by_proven_oil_reserves
Intergovernmental development finance institution
The OPEC Fund for International Development (OPEC Fund) is an intergovernmental development finance institution established in 1976 by the member states
OPEC Fund for International Development
OPEC_Fund_for_International_Development
Weighted average benchmark of crude oil prices from OPEC members
The OPEC Reference Basket (ORB), also referred to as the OPEC Basket, is a weighted average of prices for petroleum blends produced by OPEC members. It
OPEC_Reference_Basket
kilometers), the US Energy Information Administration (EIA) (49,000 km3), and OPEC (48,810 km3). However, BP credits Russia with only 32,900 km3, which would
List of countries by natural gas proven reserves
List_of_countries_by_natural_gas_proven_reserves
Government entity
focus on government objectives and meeting the needs of society. In most OPEC countries, the governments own the oil companies operating on their soil
State-owned_enterprise
Spot price of a barrel of benchmark crude oil
crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil, Isthmus, and Western
Price_of_oil
Petroleum Exporting Countries (OPEC), based on the organization's official publications.[needs update] The secretary general is OPEC's chief executive officer
List of secretaries general of OPEC
List_of_secretaries_general_of_OPEC
Financial asset backed by a country's revenues from petroleum exports
are popular shorthand for revenues from petroleum exports, mainly from the OPEC members plus Russia and Norway. Especially during periods of historically
Petrocurrency
Significant surplus of crude oil
preeminent position, and by 1981, its production was surpassed by non-OPEC countries. OPEC had seen its share of the world market drop to less than a third
1980s_oil_glut
Nigerian politician and engineer
past president of the OPEC conference with a tenure that expired in January 2016. He has chaired the 168th Meeting of the OPEC Conference held in Vienna
Ibe_Kachikwu
dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19
2020 Russia–Saudi Arabia oil price war
2020_Russia–Saudi_Arabia_oil_price_war
Venezuelan-born international terror operative (born 1949)
the 1975 raid on the Organization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, during which three people were killed. He and five
Carlos_the_Jackal
Emirati businessman and politician
March 2020. "OPEC : OPEC 173rd Meeting concludes". www.opec.org. Retrieved 6 March 2020. "OPEC : OPEC 175th Meeting concludes". www.opec.org. Retrieved
Suhail_Al_Mazroui
Nigerian politician (born 1960)
December 1960) is a Nigerian politician who was the first female president of OPEC. She became Nigeria's minister of transportation on 26 July 2007. She was
Diezani_Alison-Madueke
Saudi Arabian politician (1930–2021)
and a minister in the Organization of the Petroleum Exporting Countries (OPEC) for 25 years. With degrees from institutions including New York University
Ahmed_Zaki_Yamani
Secretary General of OPEC since 2022
Secretary General of OPEC since 2022. Al-Ghais was born in October 1969 in Kuwait City, Kuwait. His father served as Kuwait's governor at OPEC. In 1990, he graduated
Haitham_al-Ghais
by country World energy supply and consumption "Natural Gas Production: OPEC: Marketed Production". CEIC Data. Retrieved 10 May 2026.{{cite web}}: CS1
List of countries by natural gas production
List_of_countries_by_natural_gas_production
Worldwide increase in crude oil prices following the Iranian Revolution
percent drop in worldwide production. OPEC production was surpassed by other exporters such as the United States, as OPEC member nations were divided amongst
1979_oil_crisis
(OPEC) 98,371,466 3,363,570 Norway 49,735,668 1,690,710 Brazil (OPEC+) 44,964,285 1,706,667 Kazakhstan (OPEC+) 42,878,761 1,425,750 Nigeria (OPEC)
List of countries by oil exports
List_of_countries_by_oil_exports
Intergovernmental organization
intend to create a gas cartel equivalent to OPEC which would set quotas and prices. The idea of a gas OPEC was first floated by Russian president Vladimir
Gas_Exporting_Countries_Forum
Medical college in Uttar Pradesh, India
college spreads over seventeen acres of land. MVASMC is associated with OPEC Hospital, its teaching hospital, which is spread across 34 acres. The college
Maharshi Vashishtha Autonomous State Medical College and OPEC Hospital, Basti
Maharshi_Vashishtha_Autonomous_State_Medical_College_and_OPEC_Hospital,_Basti
Oil price pre-1980
between OPEC's posted price and the market price of oil. The following table shows variations in the posted price and the revenue received by OPEC countries
Posted_oil_price
Global oil shortage due to geopolitics
revenues of OPEC also took a hit since they priced oil in dollars. Finally OPEC started pricing oil against gold to combat the situation. But OPEC still struggled
1970s_energy_crisis
Lebanese politician (1951–2021)
ideological sovereignty, he is most known for his involvement in the 1975 OPEC siege, his alignment with the Iranian Revolution, and his later role as a
Anis_al-Naqqash
Iranian diplomat (1907–2004)
first Secretary-General of OPEC between 21 January 1961 and 30 April 1964. He is the only Iranian to hold this office from OPEC's establishment to date. Fuad
Fuad_Rouhani
Grade of crude oil used as a benchmark in oil pricing
important oil markers include the Dubai crude, Oman crude, Urals oil, and the OPEC reference basket. WTI is lighter and sweeter, containing less sulfur than
West_Texas_Intermediate
Country in Southeast Asia and Oceania
Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania, between the Indian and Pacific oceans. Comprising about 17
Indonesia
Iraqi politician (1911-2005)
an Iraqi politician who served as the governor of Central Bank of Iraq, OPEC, and Minister of Finance of Iraq. Saleh Kubba was born in Baghdad on November
Saleh_Kubba
بن جاسر الحربش) ended his third five-year term as Director-General of the OPEC Fund for International Development in October 2018. 2018 - Honorary Doctorate
Suleiman_Jasir_Al-Herbish
June 2016, according to the Office of the Private Education Commission (OPEC), which regulates the operation of all private schools in the country. This
List of international schools in Thailand
List_of_international_schools_in_Thailand
American businessman
from Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela, and officially formed OPEC to coordinate petroleum policies and protect their collective interests.
Monroe_Jackson_Rathbone_II
National occurrence of petroleum industry
a full member of the Organization of the Petroleum Exporting Countries (OPEC), and among African crude oil producers in 2022, the Congo ranked sixth.
Petroleum industry in the Republic of the Congo
Petroleum_industry_in_the_Republic_of_the_Congo
Chronology of events affecting the oil market
the New York Mercantile Exchange, amid Libya's threat to cut output, and OPEC's president predicted prices may reach $170 by the Northern summer. The highest
World oil market chronology from 2003
World_oil_market_chronology_from_2003
Beginning of the 1990–1991 Gulf War
considerably above its mandatory OPEC quota and this had prevented a rise of crude oil prices. A lack of consensus among OPEC members undermined Iraq's efforts
Iraqi_invasion_of_Kuwait
German Urban Guerrilla (1951–1995)
freed by the kidnapping of Peter Lorenz in 1975, then participated in the OPEC siege. In 1977, she was arrested in Switzerland after shooting two policemen
Gabriele_Kröcher-Tiedemann
Reference price for trading of an oil commodity
Blend, and Dubai Crude. Other well-known blends include the OPEC Reference Basket used by OPEC, Tapis Crude which is traded in Singapore, Western Canadian
Benchmark_(crude_oil)
Oil prices OPEC Reference Basket Dubai Crude Brent Crude West Texas Intermediate
Economic impact of the 2026 Iran war
Economic_impact_of_the_2026_Iran_war
G20 SCO RCEP APEC G4 OPEC NPC AU AL Economic classification Brazil 7th 10th 7th OPEC+ Newly industrialized Russia 9th 11th 4th OPEC+ Emerging India 1st
Member_states_of_BRICS
January 1: The OPEC crude oil production quota cuts of 1.5 million barrels (240,000 m3) per day, announced on December 28, officially go into effect for
2002 world oil market chronology
2002_world_oil_market_chronology
Events affecting the oil market
years, while Brent crude reached $82.60, the lowest since November 2010. OPEC Members were not expected to act as increases in the U.S. supply resulting
2014–2016 world oil market chronology
2014–2016_world_oil_market_chronology
Point in time when the maximum rate of petroleum extraction is reached
production. Analysts have suggested that OPEC member nations have economic incentives to exaggerate their reserves, as the OPEC quota system allows greater output
Peak_oil
Oil reserves located in Venezuela
Retrieved 2008-01-05. "OPEC Facts and figures". Archived from the original on February 21, 2010. Retrieved 13 March 2010. OPEC data at opec.org EIA data Archived
Oil_reserves_in_Venezuela
founding member of the Organization of the Petroleum Exporting Countries (OPEC). The Indigenous peoples in Venezuela, like many ancient societies, already
History of the Venezuelan oil industry
History_of_the_Venezuelan_oil_industry
over posted prices begin in Tehran between 6 OPEC Persian Gulf states and 22 oil companies. February 3: OPEC mandates "total embargo" against any company
Chronology of world oil market events
Chronology_of_world_oil_market_events
1980s economic history
inexpensive oil in 1981, forcing unprecedented price cuts by OPEC members. In October, all 13 OPEC members align on a compromise $32 per barrel benchmark.
1980–1989 world oil market chronology
1980–1989_world_oil_market_chronology
Mutually beneficial collusion among competing corporations
on an international basis; examples of international cartels include the OPEC cartel to collude on oil production and the International Rubber Regulation
Cartel
Shah of Iran from 1941 to 1979
such a thing was possible. Prior to the 1973 oil embargo, Iran spearheaded OPEC's aim for higher oil prices. When raising oil prices, Iran would point out
Mohammad_Reza_Pahlavi
50 percent to 55 percent. Iran and Kuwait follow in November. December 9: OPEC meeting in Caracas establishes 55 percent as minimum tax rate and demands
1970–1979 world oil market chronology
1970–1979_world_oil_market_chronology
Largest publicly traded companies
oil-producing governments to take the initial steps to establish OPEC. The Seven Sisters threatened the OPEC founders that they would lose market access if they went
Big_Oil
World oil market chronology between the years 2020-2022
agreed to further production cuts, though OPEC had a plan. Despite a forecast for lower demand, expectations of OPEC action led to three days of gains, with
2020–2022 world oil market chronology
2020–2022_world_oil_market_chronology
Hospital in Marrakesh, Morocco
2001 the Moroccan Government signed an $8 million loan agreement with The OPEC Fund for International Development to help improve medical services in and
Ibn Tofail University Hospital
Ibn_Tofail_University_Hospital
Transcontinental geopolitical region
World's Oil". Statista, crediting OPEC and Canadian government. Archived from the original on 2 February 2026. OPEC omits Canada's oil-sands, estimated
Middle_East
Worldwide crisis affected by shortage of energy supplies
largely continued to operate. In October 2022, OPEC+ cut oil production by two million barrels per day. OPEC+ claimed it is trying to prevent price volatility
2020s_energy_crisis
Country in Central Africa
country is a member of the United Nations, African Union, Francophonie, OPEC, and the CPLP. Pygmies likely once lived in the continental region that is
Equatorial_Guinea
Kuwait-based energy policy coordinating organization
Kuwait hosted separate meetings of both OAPEC and the Persian Gulf members of OPEC, including Iran. OAPEC resolved to cut oil production by 5% monthly "until
Organization of Arab Petroleum Exporting Countries
Organization_of_Arab_Petroleum_Exporting_Countries
Angolan politician
Exporting Countries (OPEC), which the country had joined in 2007. In 2009, Botelho de Vasconcelos served as President of the OPEC Conference. During his
José Maria Botelho de Vasconcelos
José_Maria_Botelho_de_Vasconcelos
Oversupply of oil in the 2010s
which it entered a sharp downward spiral, falling below $30 by January 2016. OPEC production was poised to rise further with the lifting of international sanctions
2010s_oil_glut
International spending of petroleum export revenues
refers to the phenomenon of major petroleum-exporting states, mainly the OPEC members plus Russia and Norway, earning more money from the export of crude
Petrodollar_recycling
Venezuelan politician (1903–1979)
politician and lawyer primarily responsible for the inception and creation of the OPEC, along with Saudi Arabian minister Abdullah Tariki. Born in Caracas, Venezuela
Juan_Pablo_Pérez_Alfonzo
Country in West Africa
Community of West African States, Organisation of Islamic Cooperation and OPEC. It is one of the Next Eleven economies, and also a member, along with Mexico
Nigeria
Palestinian PFLP militant and KGB agent (1927–1978)
the PFLP, charging Carlos with leading a joint siege on a December 1975 OPEC meeting. The operation featured three PFLP and three Revolutionary Cell militants
Wadie_Haddad
Marginal sea of the Atlantic Ocean
Light Brent Dubai Indian Basket Indonesian Isthmus-34 Light Japan Cocktail OPEC Reference Basket Tapis Urals West Texas Intermediate Western Canadian Select
Gulf_of_Mexico
English financial journalist
CNBC Europe's breakfast news programme Squawk Box Europe. He is also CNBC's OPEC reporter. Steve studied politics at the University of London. He also studied
Steve_Sedgwick_(journalist)
Iranian politician
oil minister from 2007 to 2009. He was nominated secretary general of the OPEC in June 2012. Nozari was born in Kazeroon, Iran, in 1954. He studied petroleum
Gholam-Hossein_Nozari
Kuwaiti politician
Sheikh Nasser Al-Mohammed's government. Ahmed served as Secretary General of OPEC in 2005, and was appointed the director of the National Security Agency in
Ahmad Al-Fahad Al-Ahmed Al-Sabah
Ahmad_Al-Fahad_Al-Ahmed_Al-Sabah
Country in West Asia
making it an active belligerent. The UAE announced its decision to quit OPEC on 28 April 2026 effective 1 May 2026, partially to allow increased oil production
United_Arab_Emirates
Airstrikes and capture of Nicolás Maduro
World's Oil". Statista, crediting OPEC and Canadian government. Archived from the original on 2 February 2026. OPEC omits Canada's oil-sands, estimated
2026 United States intervention in Venezuela
2026_United_States_intervention_in_Venezuela
Classification of crude oil that serves as a major worldwide benchmark price
typical price difference per barrel of between ±3 USD/bbl compared to WTI and OPEC Basket; however, since the autumn of 2010 Brent has been priced much higher
Brent_Crude
Prime Minister of Iran from 1977 to 1978
nine years. From 1965 to 1974, he headed several ordinary meetings of the OPEC. In 1971, he and Saudi Oil Minister Ahmed Zaki Yamani were instrumental in
Jamshid_Amouzegar
Indonesian politician (born 1951)
Mineral Resources from 2000 to 2009. He also served as secretary-general of OPEC in 2004. Loyola College High School, Semarang Engineering Degree, Bandung
Purnomo_Yusgiantoro
Saudi politician (1919–1997)
and was co-founder of the Organization of Petroleum Exporting Countries (OPEC). Historian Eugene Rogan called him "one of the first Arab oil experts."
Abdullah_Tariki
U.S. state
reserves. The founders of the Organization of Petroleum Exporting Countries (OPEC) used the Texas agency as one of their models for petroleum price control
Texas
Country in the Horn of Africa
September 2007. Retrieved 25 February 2009. "OPEC: World proven crude oil reserves by country, 1960–2011". OPEC. Archived from the original on 5 September
Somalia
However, in recent years it has cooperated increasingly closely with OPEC in the OPEC+ format. The Russian economy is heavily dependent on the export of
Energy_policy_of_Russia
Country in northern Europe
exporter and third-largest gas exporter in the world, but it is not a member of OPEC. In 1995, the Norwegian government established the sovereign wealth fund
Norway
Pablo Pérez Alfonzo, 75, Venezuelan politician and diplomat, developer of OPEC, pancreatic cancer. Gordon Rawcliffe, 69, British electrical engineer, heart
Deaths_in_September_1979
List of countries by natural gas proven reserves "Natural Gas Production: OPEC: Marketed Production". CEIC Data. Retrieved 12 May 2026.{{cite web}}: CS1
List of countries by natural gas exports
List_of_countries_by_natural_gas_exports
Oil company based in Ahmadi, Kuwait
approximately 2.4 million barrels per day (bpd), largely in line with its OPEC+ quota, while its sustainable production capacity is estimated at 2.9 million
Kuwait_Oil_Company
Longest bridge in Tanzania across the Rufiji River
River. It was financed through a US$30 million loan from the Kuwait Fund, OPEC and the Government of Saudi Arabia. At inauguration in 2003, it was amongst
Mkapa_Bridge
estimated that at the Organization of the Petroleum Exporting Countries (OPEC) quota level (December 2004), a one-dollar change in the price of crude oil
Petroleum_industry_in_Iran
Emirati politician and writer (born 1946)
Moroccan Academy under King Hassan II. Mana Al Otaiba served as President of OPEC six times, for its 26th, 52nd, 53rd, 54th, 62nd and 63rd conferences, held
Mana_Al_Otaiba
Ethnic groups of the majority global population
Caribbean Development Bank Common Fund for Commodities New Development Bank OPEC Fund for International Development Trade and development Developmental state
Global_majority
on 27 March 2026. Retrieved 7 April 2026. "2025 OPEC Annual Statistical Bulletin" (PDF). opec.org. OPEC. 4 July 2025. p. 34. Archived (PDF) from the original
2026_Iran_war_fuel_crisis
Sour crude oil produced in Mexico
Before 2017, the oil was a component of the OPEC Reference Basket (despite Mexico's not being a part of OPEC). It has the following characteristics: Mexico
Isthmus-34_Light
Iranian politician
state of Iran dealing with international economic relations in regards to OPEC, Paris Conference on International Economic Cooperation, CIEC (1976–77),
Mohammad_Yeganeh
Bilateral relations
Salman on the sidelines of the G20 summit, Saudi Arabia, a leading OPEC member, and non-OPEC Russia agreed to cooperate in world oil markets to tackle a global
Russia–Saudi_Arabia_relations
Nigerian politician (1959–2022)
of the Petroleum Exporting Countries. He helped to create the OPEC+ alliance between OPEC members and other oil-producing countries. Barkindo previously
Mohammed_Barkindo
Country in South America
Ecuador joined the OPEC in 1973 and suspended its membership in 1992. Under President Rafael Correa, the country returned to OPEC before leaving again
Ecuador
President of the United Arab Emirates since 2022
in an economic rivalry with Saudi Arabia, and opposed Saudi efforts for OPEC+ production cuts. Mohamed bin Zayed bin Sultan Al Nahyan was born at Oasis
Mohamed_bin_Zayed_Al_Nahyan
Caribbean Development Bank Common Fund for Commodities New Development Bank OPEC Fund for International Development Trade and development Developmental state
Debt Service Suspension Initiative
Debt_Service_Suspension_Initiative
Saudi Arabian state-owned petroleum and oil-trade company
Archived from the original on 10 July 2016. Retrieved 16 December 2020. OPEC, Annual Statistical Bulletin 2016 Archived 21 August 2018 at the Wayback
Saudi_Aramco
Japanese Thoroughbred racehorse (1994–2011)
Kaiser 1977 Lucky Ruler 1978 Sakura Shori 1979 Katsurano Haiseiko 1980s 1980 Opec Horse 1981 Katsu Top Ace 1982 Bamboo Atlas 1983 Mr. C. B. ₩ 1984 Symboli
Sunny_Brian
Republic from 1953 to 1999
founding member of the Organization of the Petroleum Exporting Countries (OPEC). The 1980s in particular were characterised by the flowering of art and
Republic_of_Venezuela
Syrian economist, researcher, and writer (born 1946)
of Basic Infrastructure and Capacity Building (1984). His fourth book was OPEC 1960–1985: Major Transformations and Persistent Challenges (1987). Arabic:
Hussein_al-Sharaa
President of Iraq from 1979 to 2003
prices by cutting back production; Kuwait refused, then led the opposition in OPEC to the cuts that Saddam had requested. Kuwait was pumping large amounts of
Saddam_Hussein
OPEC
OPEC
OPEC
OPEC
OPEC
OPEC
Acronyms & AI meanings
South Eastern Alliance of Library Systems
Inter-Domain Policy Routing Protocol
Charlotte Area Medical Group Managers
identical by descent
Kung Tu Machine
Total Annual Expected Cost
Quick Panel Jumper
NAVMAT Instructional Procurement & Inventory Monitoring System
Volunteers for Social
Strategic Forum for Construction
OPEC
OPEC
OPEC
OPEC
OPEC