Explainer: What is OPEC? - The World Economic Forum
Nov 11, 2022 · OPEC's 13 member states hold over 80% of the world’s proven oil reserves. It aims to regulate oil prices by either reducing or increasing production.
Organization of the Petroleum Exporting Countries (OPEC)
Founded in 1960, the Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental organization with a mission to coordinate and unify the petroleum policies of …
What’s the future of OPEC? - The World Economic Forum
OPEC will continue to meet and hold itself out as a cartel that can control the oil markets, but that time has passed. The cartel was dependent upon Saudi Arabia to use its outsized swing …
Why oil prices matter to the global economy - an expert explains ...
Feb 16, 2022 · What affects oil prices and how do fluctuations impact the wider economy? We discuss rising inflation, post-pandemic economic recovery and the energy transition.
How does the war in Ukraine affect oil prices? - The World …
Feb 24, 2022 · Russia's invasion of Ukraine inflated oil prices even further to well over $110 per barrel. We outline the impact on oil prices and the energy transition.
Dozens of energy ministers are gathering in Riyadh. Here’s what …
Apr 28, 2024 · Energy ministers from around the world are gathering for the World Economic Forum’s Special Meeting on Global Collaboration, Growth and Energy for Development. …
Which economies are most reliant on oil? - The World Economic …
May 10, 2016 · This seismic shake-up has come on the back of the steep and sustained drop in oil prices – from a peak of $115 per barrel in June 2014 to under $35 at the end of February …
Our Mission - The World Economic Forum
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape …
Explainer: What drives gasoline prices? - The World Economic Forum
Jun 16, 2022 · A number of geopolitical factors can influence the crude oil market, but one of the biggest influences is the Organization of the Petroleum Exporting Countries (OPEC), led by …
What is Saudi Arabia’s oil strategy? - The World Economic Forum
Mar 9, 2015 · Saudi Arabia wants it all: to salvage OPEC, achieve income diversification and industrialization, and preserve its market share in crude oil, petroleum products, …