OPEC: Difference between revisions
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imported>Doug Williamson (Add links.) |
imported>Doug Williamson (Expand definition. Source: OPEC webpage https://www.opec.org/opec_web/en/about_us/24.htm#:~:text=The%20Organization%20of%20the%20Petroleum,Kuwait%2C%20Saudi%20Arabia%20and%20Venezuela.) |
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The Organization of the Petroleum Exporting Countries. | The Organization of the Petroleum Exporting Countries established in 1960. | ||
:<span style="color:#4B0082">'''''"Fair and stable" prices'''''</span> | |||
:"OPEC's objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry." | |||
:''OPEC.'' | |||
OPEC's current members are Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, the Republic of the Congo, Saudi Arabia, the United Arab Emirates and Venezuela. | |||
Although OPEC is a cartel, its members are protected by the doctrine of state immunity under international law. | |||
==See also== | ==See also== | ||
*[[Cartel]] | |||
*[[Downstream]] | *[[Downstream]] | ||
*[[GCC]] | *[[GCC]] | ||
*[[International law]] | |||
*[[Peak oil]] | *[[Peak oil]] | ||
*[[State immunity]] | |||
*[[Upstream]] | *[[Upstream]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Corporate_finance]] | |||
[[Category:Ethics]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:Risk_reporting]] | |||
[[Category:Financial_products_and_markets]] | |||
Revision as of 13:08, 10 March 2021
The Organization of the Petroleum Exporting Countries established in 1960.
- "Fair and stable" prices
- "OPEC's objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry."
- OPEC.
OPEC's current members are Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, the Republic of the Congo, Saudi Arabia, the United Arab Emirates and Venezuela.
Although OPEC is a cartel, its members are protected by the doctrine of state immunity under international law.
