What are OPEC and OPEC+? How do they influence oil prices? | World ...
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 …
The US enters its 'drill, baby, drill' era. Here’s what an energy ...
Mar 3, 2025 · The United States has vowed to increase oil and gas production. Yet a shift to renewable energy and other market forces are also influencing the sector.
What’s the future of OPEC? - The World Economic Forum
Jan 14, 2015 · 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 …
Davos 2025: Special address by US President Donald Trump
Jan 23, 2025 · Donald Trump told Davos how he will make the US 'stronger, wealthier and more united than ever before', just days after being inaugurated as US president.
Chart: Rainforest loss in the tropics | World Economic Forum
Nov 21, 2022 · Brazil, Indonesia and the Democratic Republic of Congo are in discussions for a new ‘Rainforest OPEC’ deal, the Guardian reports. These countries are currently home to over half of the …
What can history tell us about cartels in commodity markets?
Mar 18, 2015 · Recent developments in oil markets have led to intensive debates about OPEC’s viability and its role in the global crude oil market. OPEC, which was founded in 1960 to “coordinate and unify …
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.
Why are oil prices so low? | World Economic Forum
May 3, 2016 · Why is OPEC behaving differently? Iran, Venezuela, Ecuador and Algeria have all pressed OPEC to cut production to firm up prices. At a meeting in Doha, Qatar in April, major oil …
Mohammed Al-Jadaan - Agenda Contributor | World Economic Forum
Jan 12, 2024 · He also represents the Kingdom as a member of the Ministerial Council of the OPEC Fund for International Development (OFID), the IMF Board of Governors, the World Bank Board of …