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.

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 …

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 …

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.

The environmental impact of the climate crisis is clear, but what about its economic impact on areas like infrastructure, agriculture and tourism?

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 …

Jul 23, 2019 · Around a fifth of the world’s oil passes through the Strait of Hormuz, making it the most important oil artery in the world - and the centre of political tensions.

Dec 16, 2022 · Many countries are targeting net zero emissions by 2050, but eight ‘carbon sink’ countries have already achieved their climate change goals.

Nov 15, 2024 · The G20 is a forum of the twenty largest economies in the world that meets regularly to discuss the most pressing issues facing the global economy.

May 3, 2016 · OPEC has not been cutting production to shore up prices, something it used to do all the time. And Russia, despite its economic problems, is managing to keep pumping at …