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 …

Nov 29, 2023 · The environmental impact of the climate crisis is clear, but what about its economic impact on areas like infrastructure, agriculture and tourism?

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.

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.

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.

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 …

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

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 …