OPEC (Organization of the Petroleum Exporting Countries) is an intergovernmental organization oil demand supply market upstream downstream Vienna Austria

The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.

The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.

OPEC’s World Oil Outlook (WOO) is part of the Organization’s commitment to market stability. The publication is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry.

Jan 11, 2024 · The OPEC Basket Price page provides daily, weekly, monthly, quarterly, and yearly averages of crude oil prices from various member countries.

OPEC is a permanent intergovernmental organization of 12 oil-exporting developing nations that coordinates and unifies the petroleum policies of its Member Countries.

OPEC’s World Oil Outlook 2024 to be launched in Rio de Janeiro on 24 September 10 Sep 2024 | Vienna, Austria, 10 September 2024--The Organization of the Petroleum Exporting Countries (OPEC) will launch the 18th edition of its World Oil Outlook (WOO) at ROG.e 2024 in Rio de Janeiro, Federative Republic of Brazil. The event will be held in …

For OPEC, it is a great honour to launch the World Oil Outlook (WOO) 2024 in Brazil. The country’s comprehensive and inclusive approach to energy issues has been on display through its G20 presidency in 2024, and will no doubt be central to its hosting of COP30 in 2025.

The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder Members of the Organization. These countries were later joined by Qatar (1961), Indonesia (1962), Libya (1962), the United Arab ...

Apart from petroleum, Libya's other natural resources are natural gas and gypsum. Its economy depends primarily on the oil sector. Substantial revenues from the energy sector, coupled with a small population, give Libya one of the highest per capita GDPs in Africa. The national currency is the dinar. The country joined OPEC in 1962. Did you know?