Organization of Petroleum Exporting Countries - Mehemed.pptx
•Download as PPTX, PDF•
1 like•23 views
The Organization of Petroleum Exporting Countries (OPEC) is an intergovernmental organization consisting of 12 oil-producing countries in Africa, Asia, and South America. OPEC was founded in 1960 in Baghdad by five countries - Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela - to coordinate and unify petroleum policies among member countries. The main goals of OPEC are to maintain a stable oil market with reasonable prices and steady supplies for consumers, and to ensure member countries receive a fair profit from international oil sales previously dominated by major multinational companies. Current OPEC member countries are shown on a map in blue.
Report
Share
Report
Share
Recommended
Opec
OPEC is a permanent intergovernmental organization consisting of 12 oil producing countries located in Africa, Asia, and South America. It was founded in 1960 in Baghdad, Iraq by 5 countries and seeks to coordinate oil policies and stabilize oil prices. OPEC members hold over 80% of global crude oil reserves and collectively produce over 29 million barrels per day. The organization meets twice yearly to set production quotas and policies aimed at maintaining stable oil markets.
Opec
The contents of this presentation include;
OPEC
HEADQUARTERS, FLAG, AND CURRENT
SECRETARY
ESTABLISHMENT
WHY OPEC WAS ESTABLISHED
MEMBERSHIPS
SAUDI ARABIA
NIGERIA
VENEZUELA
MISSION
HISTORY
1973 OIL EMBARGO
ROLE OF OPEC
INFLUENCE OF OPEC ON GLOBAL OIL MARKET
OPEC
OPEC is an intergovernmental organization formed in 1960 by 12 oil producing countries. It is headquartered in Vienna, Austria and aims to coordinate oil policies among member countries to stabilize oil prices in international markets. Current members include Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela. OPEC influences global oil prices through setting individual production quotas for members that collectively determine supply in international markets. Fluctuations in OPEC's quotas and international oil prices have significant economic impacts on both producing and consuming countries like India.
Opec - Organization of Petroleum Exporting Countries.
The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, was established in Baghdad.
OPEC comprised 12 members: Algeria, Angola, Ecuador, Iran, Iraq Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates Venezuela.
Petrodollar is a United State dollar earned by the country through the sale of petroleum.
Shale oil is an unconventional oil produced from oil shale rock fragments by pyrolysis, hydrogenation, or thermal dissolution. These processes convert the organic matter within the rock into synthetic oil & gas.
OPEC Share of World Crude Oil Reserves - According to current estimates, more than 81% of the world's proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 66% of the OPEC total.
80% of the world's oil reserves are located in just 13 countries which make up OPEC (the Organization of the Petroleum Exporting Countries). Algeria, Venezuela, Saudi Arabia, Iran, Iraq, Kuwait, Angola, Indonesia, Ecuador, Libya, Nigeria, Qatar, and the United Arab Emirates.
OPEC (Organization of Petroleum Exporting Countries )
OPEC is an intergovernmental organization of 12 oil-producing countries that coordinates and unifies the petroleum policies of its member countries. It seeks to ensure stable oil prices and a steady supply of oil to consumers. Some of its key objectives are stabilizing oil prices to eliminate harmful fluctuations, overseeing an efficient supply of oil, and ensuring a fair return for investors in the petroleum industry. The organization influences global oil prices and works to balance supply and demand in international markets.
Opec
The Organization of Petroleum Exporting Countries (OPEC) was created in 1960 at a conference in Baghdad by five oil producing countries: Iraq, Saudi Arabia, Venezuela, Iran, and Kuwait. OPEC's mission is to coordinate policies among oil producing countries to secure a steady income for its members and a stable supply of oil to consumers. It established its headquarters in Vienna, Austria in 1965. In the 1970s, OPEC gained influence and raised oil prices during the 1973 oil crisis in response to the U.S. aid to Israel. It has since grown to include 12 member countries working to balance oil supply and demand globally.
Organization of the Petroleum Exporting Countries - OPEC - International Busi...
OPEC (Organization of the Petroleum Exporting Countries) is an oil cartel whose mission is to coordinate the policies of the oil-producing countries. The goal is to secure a steady income to the member states and to secure supply of oil to the consumers.
Opec Organization of Petroleum Exporting Countries
Organization of Petroleum Exporting Countries
Any country with substantial exports and same petroleum interests are eligible to join
Recommended
Opec
OPEC is a permanent intergovernmental organization consisting of 12 oil producing countries located in Africa, Asia, and South America. It was founded in 1960 in Baghdad, Iraq by 5 countries and seeks to coordinate oil policies and stabilize oil prices. OPEC members hold over 80% of global crude oil reserves and collectively produce over 29 million barrels per day. The organization meets twice yearly to set production quotas and policies aimed at maintaining stable oil markets.
Opec
The contents of this presentation include;
OPEC
HEADQUARTERS, FLAG, AND CURRENT
SECRETARY
ESTABLISHMENT
WHY OPEC WAS ESTABLISHED
MEMBERSHIPS
SAUDI ARABIA
NIGERIA
VENEZUELA
MISSION
HISTORY
1973 OIL EMBARGO
ROLE OF OPEC
INFLUENCE OF OPEC ON GLOBAL OIL MARKET
OPEC
OPEC is an intergovernmental organization formed in 1960 by 12 oil producing countries. It is headquartered in Vienna, Austria and aims to coordinate oil policies among member countries to stabilize oil prices in international markets. Current members include Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela. OPEC influences global oil prices through setting individual production quotas for members that collectively determine supply in international markets. Fluctuations in OPEC's quotas and international oil prices have significant economic impacts on both producing and consuming countries like India.
Opec - Organization of Petroleum Exporting Countries.
The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, was established in Baghdad.
OPEC comprised 12 members: Algeria, Angola, Ecuador, Iran, Iraq Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates Venezuela.
Petrodollar is a United State dollar earned by the country through the sale of petroleum.
Shale oil is an unconventional oil produced from oil shale rock fragments by pyrolysis, hydrogenation, or thermal dissolution. These processes convert the organic matter within the rock into synthetic oil & gas.
OPEC Share of World Crude Oil Reserves - According to current estimates, more than 81% of the world's proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 66% of the OPEC total.
80% of the world's oil reserves are located in just 13 countries which make up OPEC (the Organization of the Petroleum Exporting Countries). Algeria, Venezuela, Saudi Arabia, Iran, Iraq, Kuwait, Angola, Indonesia, Ecuador, Libya, Nigeria, Qatar, and the United Arab Emirates.
OPEC (Organization of Petroleum Exporting Countries )
OPEC is an intergovernmental organization of 12 oil-producing countries that coordinates and unifies the petroleum policies of its member countries. It seeks to ensure stable oil prices and a steady supply of oil to consumers. Some of its key objectives are stabilizing oil prices to eliminate harmful fluctuations, overseeing an efficient supply of oil, and ensuring a fair return for investors in the petroleum industry. The organization influences global oil prices and works to balance supply and demand in international markets.
Opec
The Organization of Petroleum Exporting Countries (OPEC) was created in 1960 at a conference in Baghdad by five oil producing countries: Iraq, Saudi Arabia, Venezuela, Iran, and Kuwait. OPEC's mission is to coordinate policies among oil producing countries to secure a steady income for its members and a stable supply of oil to consumers. It established its headquarters in Vienna, Austria in 1965. In the 1970s, OPEC gained influence and raised oil prices during the 1973 oil crisis in response to the U.S. aid to Israel. It has since grown to include 12 member countries working to balance oil supply and demand globally.
Organization of the Petroleum Exporting Countries - OPEC - International Busi...
OPEC (Organization of the Petroleum Exporting Countries) is an oil cartel whose mission is to coordinate the policies of the oil-producing countries. The goal is to secure a steady income to the member states and to secure supply of oil to the consumers.
Opec Organization of Petroleum Exporting Countries
Organization of Petroleum Exporting Countries
Any country with substantial exports and same petroleum interests are eligible to join
Priyanka
OPEC is an intergovernmental organization of 13 oil-producing countries founded in 1960 to coordinate and unify petroleum policies among its members and ensure the stabilization of oil markets worldwide. Its stated mission is to manage the supply of oil in an effort to set price levels that are fair to both the producers and consumers of oil. Some key points are that OPEC is headquartered in Vienna, Austria, it was established in 1960 by 5 countries and has since grown to 13 members, and collectively its members control a significant portion of the world's proven oil reserves and production.
Priyanka
OPEC is an intergovernmental organization formed in 1960 to coordinate and unify petroleum policies among its 13 member countries. It aims to secure fair and stable oil prices, an efficient supply of oil to consumers, and equitable and reasonable profits for its members. Key events included the 1971 shift of price control from oil companies to OPEC, and the 1973 and 1979 oil crises which led to price increases. While OPEC coordinated production quotas to influence prices, disagreements among members and increased non-OPEC production have reduced its influence in recent years. OPEC members control a large share of global oil reserves and production, but the organization faces challenges in balancing its members' interests and global oil market dynamics
Opec is an example of
OPEC is an example of a cartel. A cartel is a formal agreement among competing firms in an oligopolistic industry to fix prices, marketing, and production to increase profits by reducing competition. OPEC is the most well-known international cartel, with its members regularly meeting to decide each country's allowed oil production levels. As the largest oil producing and exporting cartel, OPEC functions to enforce production quotas among its members and influence global oil prices through coordinating supply.
political-tension-in-opec.original_2
This document summarizes and analyzes political tensions within OPEC, the Organization of the Petroleum Exporting Countries. It discusses how OPEC originally formed to counter Western oil companies but now faces internal divisions between members due to differing political and economic interests. In particular, Saudi Arabia prioritizes market share over high oil prices, unlike some poorer OPEC members who need higher prices. This tension has weakened OPEC's ability to set unified oil production quotas and prices as members act in their own national self-interest.
Understanding-the-Global-Rivalry-Between-OPEC-and-IEA-Puguh-Bodro-IRAWAN-2012
This document provides an overview of the global rivalry between OPEC and IEA. OPEC coordinates oil production among its members to influence prices, aiming for stable revenues. IEA represents oil consumers and aims for stable, affordable supply. While their goals differ, both need stable markets. OPEC focuses on production cuts or increases to balance supply and demand. IEA requires stockpiles to offset disruptions and advises members on energy security and climate policies. Their differing roles balance the global oil market.
OPEC slideshare (2020)
OPEC was established in 1960 in Baghdad by 5 founding members: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. It is headquartered in Vienna and coordinates policies among its 13 member countries, who collectively possess over 70% of global crude oil reserves. OPEC aims to ensure stable oil supplies and prices to both producing and consuming countries. In recent years, price wars between Russia and Saudi Arabia have led to sharp drops in crude prices, greatly impacting oil-exporting countries and global energy markets. The COVID-19 pandemic has further disrupted supply and demand, threatening the oil industry. OPEC and its members must now realign strategies to navigate these challenges and changing energy landscapes over the long
Iff3 1 belousovachuharevasinelnikova-opec
OPEC is an intergovernmental organization comprised of 12 oil-producing countries that seeks to coordinate petroleum policies and ensure a stable oil market. It was formed in 1960 to administer common petroleum policies and stabilize oil prices. While OPEC aims to provide a steady oil supply, political disputes among members and instability in some countries present obstacles. OPEC's advantages include economic benefits through supply and price control, but disadvantages involve political challenges from internal disagreements and dependence on other regions.
Relevance of OPEC as a Cartel
The Relevance of OPEC as a Cartel: CARTEL, OPEC AS A CARTEL, OBJECTIVES, OPEC OIL RESERVES, WORLD PROVEN CRUDE OIL RESERVES, INFLUENCE OF OPEC ON PRICE, TAXES ON OIL, IMPACT OF OPEC ON INDIA & CHALLENGES.
ABOUT OPEC
This power point presentation is all about opec, the cartel which controls the price of crude oils export
OPEC (Organization of Petroleum Exporting Countries)
The Organization of Petroleum Exporting Countries (OPEC) was established in 1960 by five founding members - Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. It is an intergovernmental organization that coordinates and unifies oil policies among its members, with goals of stabilizing oil markets and ensuring a steady supply of oil to consumers. OPEC played a key role in the 1973 oil embargo and continues to influence global oil prices and production levels through agreements among its members, which now include 12 countries in total. Saudi Arabia is OPEC's largest producer and has significant spare capacity to influence markets.
Final opec
OPEC is an organization formed in 1960 by 12 oil producing countries to unify their petroleum policies and coordinate production. Before OPEC, oil prices were controlled by major oil companies. OPEC took control of prices in the 1970s and was able to influence the global oil market as a cartel by restricting production to raise prices. As a cartel, OPEC aimed to allocate production quotas to stabilize prices. However, internal disagreements and increased non-OPEC production have weakened OPEC's influence in recent decades. The future of OPEC as an effective cartel remains uncertain.
Ankit singhal
Crude oil prices recovered strongly from $33 to over $80 per barrel in 2010 due to rising demand from China and India. While non-OPEC production increased, OPEC's share of global output rose from 33% to over 45%. As the global economy recovered from recession, OPEC expanded supply following production cuts in late 2008. OPEC aims to stabilize oil prices through setting production quotas for its 12 member countries, who collectively produce around 45% of the world's oil. Non-OPEC producers, OECD countries, and former Soviet states account for most of the remaining global supply.
Oil majors and traders role of opec,ocimf & intertanko
The document discusses several topics related to the oil and gas industry including:
- Big Oil refers to the world's largest publicly traded oil and gas companies, also known as supermajors, which include BP, Chevron, Eni, ExxonMobil, Royal Dutch Shell, Total, and ConocoPhillips.
- OPEC is an intergovernmental organization made up of 13 oil producing countries that aims to coordinate oil policies and ensure stability in the oil market. Major OPEC members include Saudi Arabia, Iran, Iraq, Kuwait, and Venezuela.
- INTERTANKO is an association representing independent tanker owners worldwide with over 190 members. It works on operational,
Opec by Ronnie Birkmire
OPEC was created on September 10-14, 1960 at the Baghdad Conference to organize and unify petroleum policies among member countries. Its initial headquarters was in Geneva, Switzerland, but moved to Vienna, Austria in 1965. OPEC's main objectives are to secure fair and stable prices for petroleum producers and control the efficient supply of petroleum to consuming nations. It was originally formed by 5 countries, and has since expanded to include 12 member countries.
Sample essay on the role of opec in the middle east
OPEC was established in 1960 by five founding members and has since expanded to include 11 oil-producing countries as members. It aims to coordinate oil production policies in order to set prices that balance supply and demand. As the majority of global oil reserves are located in OPEC countries, it wields significant influence over global oil prices and has historically acted to raise prices, such as during the 1973 oil embargo. However, it must also consider consumer interests and keep prices stable to maintain markets. Recent unrest in the Middle East like the Arab Spring has disrupted some OPEC members' oil production and challenged the organization.
Opec
The Organization of Petroleum Exporting Countries (OPEC) is an intergovernmental organization consisting of 12 oil producing countries. It was founded in 1960 in Baghdad by 5 countries and aims to coordinate and unify petroleum policies among member countries. Key objectives include stabilizing oil prices and ensuring a steady supply of oil to consuming countries. OPEC faces challenges in enforcing production quotas and preventing price cheating among its members.
Case study on kuwait
Kuwaits foreign policy, country overview. Kuwait's trade barriers and trading blocks, kuwait economic parameters, Kuwait's Import and export market.
Multinational markets groups
OPEC is an intergovernmental organization that aims to manage the supply of oil in international markets to set the price of oil and ensure fair profits for its members. It was founded in 1960 and currently has 13 member countries. The organization meets twice a year to coordinate production levels and prices. While its stated goals are stability in oil markets and supply, some of its sideline objectives are seen as manipulating supply to influence prices and maximize profits for its members.
Regional Blocks - International Business - Manu Melwin Joy
The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN, namely Indonesia, Malaysia, Philippines, Singapore and Thailand.
Sm 130614125210-phpapp02
Trading blocks are groups of countries that work towards reducing trade barriers between members. The document discusses major trading blocks like the European Union, NAFTA, ASEAN, SAARC, OPEC, and MERCOSUR. It provides details on the founding, objectives, and provisions of these blocks. The European Union aims to create a common market without trade barriers between its 27 member states. NAFTA eliminated trade barriers between the US, Canada, and Mexico creating the world's largest free trade area. ASEAN and SAARC work to accelerate economic growth and cultural development among Southeast Asian and South Asian nations respectively.
Leveraging Generative AI to Drive Nonprofit Innovation
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
PCOS corelations and management through Ayurveda.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
More Related Content
Similar to Organization of Petroleum Exporting Countries - Mehemed.pptx
Priyanka
OPEC is an intergovernmental organization of 13 oil-producing countries founded in 1960 to coordinate and unify petroleum policies among its members and ensure the stabilization of oil markets worldwide. Its stated mission is to manage the supply of oil in an effort to set price levels that are fair to both the producers and consumers of oil. Some key points are that OPEC is headquartered in Vienna, Austria, it was established in 1960 by 5 countries and has since grown to 13 members, and collectively its members control a significant portion of the world's proven oil reserves and production.
Priyanka
OPEC is an intergovernmental organization formed in 1960 to coordinate and unify petroleum policies among its 13 member countries. It aims to secure fair and stable oil prices, an efficient supply of oil to consumers, and equitable and reasonable profits for its members. Key events included the 1971 shift of price control from oil companies to OPEC, and the 1973 and 1979 oil crises which led to price increases. While OPEC coordinated production quotas to influence prices, disagreements among members and increased non-OPEC production have reduced its influence in recent years. OPEC members control a large share of global oil reserves and production, but the organization faces challenges in balancing its members' interests and global oil market dynamics
Opec is an example of
OPEC is an example of a cartel. A cartel is a formal agreement among competing firms in an oligopolistic industry to fix prices, marketing, and production to increase profits by reducing competition. OPEC is the most well-known international cartel, with its members regularly meeting to decide each country's allowed oil production levels. As the largest oil producing and exporting cartel, OPEC functions to enforce production quotas among its members and influence global oil prices through coordinating supply.
political-tension-in-opec.original_2
This document summarizes and analyzes political tensions within OPEC, the Organization of the Petroleum Exporting Countries. It discusses how OPEC originally formed to counter Western oil companies but now faces internal divisions between members due to differing political and economic interests. In particular, Saudi Arabia prioritizes market share over high oil prices, unlike some poorer OPEC members who need higher prices. This tension has weakened OPEC's ability to set unified oil production quotas and prices as members act in their own national self-interest.
Understanding-the-Global-Rivalry-Between-OPEC-and-IEA-Puguh-Bodro-IRAWAN-2012
This document provides an overview of the global rivalry between OPEC and IEA. OPEC coordinates oil production among its members to influence prices, aiming for stable revenues. IEA represents oil consumers and aims for stable, affordable supply. While their goals differ, both need stable markets. OPEC focuses on production cuts or increases to balance supply and demand. IEA requires stockpiles to offset disruptions and advises members on energy security and climate policies. Their differing roles balance the global oil market.
OPEC slideshare (2020)
OPEC was established in 1960 in Baghdad by 5 founding members: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. It is headquartered in Vienna and coordinates policies among its 13 member countries, who collectively possess over 70% of global crude oil reserves. OPEC aims to ensure stable oil supplies and prices to both producing and consuming countries. In recent years, price wars between Russia and Saudi Arabia have led to sharp drops in crude prices, greatly impacting oil-exporting countries and global energy markets. The COVID-19 pandemic has further disrupted supply and demand, threatening the oil industry. OPEC and its members must now realign strategies to navigate these challenges and changing energy landscapes over the long
Iff3 1 belousovachuharevasinelnikova-opec
OPEC is an intergovernmental organization comprised of 12 oil-producing countries that seeks to coordinate petroleum policies and ensure a stable oil market. It was formed in 1960 to administer common petroleum policies and stabilize oil prices. While OPEC aims to provide a steady oil supply, political disputes among members and instability in some countries present obstacles. OPEC's advantages include economic benefits through supply and price control, but disadvantages involve political challenges from internal disagreements and dependence on other regions.
Relevance of OPEC as a Cartel
The Relevance of OPEC as a Cartel: CARTEL, OPEC AS A CARTEL, OBJECTIVES, OPEC OIL RESERVES, WORLD PROVEN CRUDE OIL RESERVES, INFLUENCE OF OPEC ON PRICE, TAXES ON OIL, IMPACT OF OPEC ON INDIA & CHALLENGES.
ABOUT OPEC
This power point presentation is all about opec, the cartel which controls the price of crude oils export
OPEC (Organization of Petroleum Exporting Countries)
The Organization of Petroleum Exporting Countries (OPEC) was established in 1960 by five founding members - Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. It is an intergovernmental organization that coordinates and unifies oil policies among its members, with goals of stabilizing oil markets and ensuring a steady supply of oil to consumers. OPEC played a key role in the 1973 oil embargo and continues to influence global oil prices and production levels through agreements among its members, which now include 12 countries in total. Saudi Arabia is OPEC's largest producer and has significant spare capacity to influence markets.
Final opec
OPEC is an organization formed in 1960 by 12 oil producing countries to unify their petroleum policies and coordinate production. Before OPEC, oil prices were controlled by major oil companies. OPEC took control of prices in the 1970s and was able to influence the global oil market as a cartel by restricting production to raise prices. As a cartel, OPEC aimed to allocate production quotas to stabilize prices. However, internal disagreements and increased non-OPEC production have weakened OPEC's influence in recent decades. The future of OPEC as an effective cartel remains uncertain.
Ankit singhal
Crude oil prices recovered strongly from $33 to over $80 per barrel in 2010 due to rising demand from China and India. While non-OPEC production increased, OPEC's share of global output rose from 33% to over 45%. As the global economy recovered from recession, OPEC expanded supply following production cuts in late 2008. OPEC aims to stabilize oil prices through setting production quotas for its 12 member countries, who collectively produce around 45% of the world's oil. Non-OPEC producers, OECD countries, and former Soviet states account for most of the remaining global supply.
Oil majors and traders role of opec,ocimf & intertanko
The document discusses several topics related to the oil and gas industry including:
- Big Oil refers to the world's largest publicly traded oil and gas companies, also known as supermajors, which include BP, Chevron, Eni, ExxonMobil, Royal Dutch Shell, Total, and ConocoPhillips.
- OPEC is an intergovernmental organization made up of 13 oil producing countries that aims to coordinate oil policies and ensure stability in the oil market. Major OPEC members include Saudi Arabia, Iran, Iraq, Kuwait, and Venezuela.
- INTERTANKO is an association representing independent tanker owners worldwide with over 190 members. It works on operational,
Opec by Ronnie Birkmire
OPEC was created on September 10-14, 1960 at the Baghdad Conference to organize and unify petroleum policies among member countries. Its initial headquarters was in Geneva, Switzerland, but moved to Vienna, Austria in 1965. OPEC's main objectives are to secure fair and stable prices for petroleum producers and control the efficient supply of petroleum to consuming nations. It was originally formed by 5 countries, and has since expanded to include 12 member countries.
Sample essay on the role of opec in the middle east
OPEC was established in 1960 by five founding members and has since expanded to include 11 oil-producing countries as members. It aims to coordinate oil production policies in order to set prices that balance supply and demand. As the majority of global oil reserves are located in OPEC countries, it wields significant influence over global oil prices and has historically acted to raise prices, such as during the 1973 oil embargo. However, it must also consider consumer interests and keep prices stable to maintain markets. Recent unrest in the Middle East like the Arab Spring has disrupted some OPEC members' oil production and challenged the organization.
Opec
The Organization of Petroleum Exporting Countries (OPEC) is an intergovernmental organization consisting of 12 oil producing countries. It was founded in 1960 in Baghdad by 5 countries and aims to coordinate and unify petroleum policies among member countries. Key objectives include stabilizing oil prices and ensuring a steady supply of oil to consuming countries. OPEC faces challenges in enforcing production quotas and preventing price cheating among its members.
Case study on kuwait
Kuwaits foreign policy, country overview. Kuwait's trade barriers and trading blocks, kuwait economic parameters, Kuwait's Import and export market.
Multinational markets groups
OPEC is an intergovernmental organization that aims to manage the supply of oil in international markets to set the price of oil and ensure fair profits for its members. It was founded in 1960 and currently has 13 member countries. The organization meets twice a year to coordinate production levels and prices. While its stated goals are stability in oil markets and supply, some of its sideline objectives are seen as manipulating supply to influence prices and maximize profits for its members.
Regional Blocks - International Business - Manu Melwin Joy
The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN, namely Indonesia, Malaysia, Philippines, Singapore and Thailand.
Sm 130614125210-phpapp02
Trading blocks are groups of countries that work towards reducing trade barriers between members. The document discusses major trading blocks like the European Union, NAFTA, ASEAN, SAARC, OPEC, and MERCOSUR. It provides details on the founding, objectives, and provisions of these blocks. The European Union aims to create a common market without trade barriers between its 27 member states. NAFTA eliminated trade barriers between the US, Canada, and Mexico creating the world's largest free trade area. ASEAN and SAARC work to accelerate economic growth and cultural development among Southeast Asian and South Asian nations respectively.
Similar to Organization of Petroleum Exporting Countries - Mehemed.pptx (20)
Understanding-the-Global-Rivalry-Between-OPEC-and-IEA-Puguh-Bodro-IRAWAN-2012
Understanding-the-Global-Rivalry-Between-OPEC-and-IEA-Puguh-Bodro-IRAWAN-2012
OPEC (Organization of Petroleum Exporting Countries)
OPEC (Organization of Petroleum Exporting Countries)
Oil majors and traders role of opec,ocimf & intertanko
Oil majors and traders role of opec,ocimf & intertanko
Sample essay on the role of opec in the middle east
Sample essay on the role of opec in the middle east
Regional Blocks - International Business - Manu Melwin Joy
Regional Blocks - International Business - Manu Melwin Joy
Recently uploaded
Leveraging Generative AI to Drive Nonprofit Innovation
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
PCOS corelations and management through Ayurveda.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
How to Manage Your Lost Opportunities in Odoo 17 CRM
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...Nguyen Thanh Tu Collection
https://app.box.com/s/y977uz6bpd3af4qsebv7r9b7s21935vdHow to Build a Module in Odoo 17 Using the Scaffold Method
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingExcellence Foundation for South Sudan
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.Walmart Business+ and Spark Good for Nonprofits.pdf
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...National Information Standards Organization (NISO)
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.Wound healing PPT
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
Hindi varnamala | hindi alphabet PPT.pdf
हिंदी वर्णमाला पीपीटी, hindi alphabet PPT presentation, hindi varnamala PPT, Hindi Varnamala pdf, हिंदी स्वर, हिंदी व्यंजन, sikhiye hindi varnmala, dr. mulla adam ali, hindi language and literature, hindi alphabet with drawing, hindi alphabet pdf, hindi varnamala for childrens, hindi language, hindi varnamala practice for kids, https://www.drmullaadamali.com
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
Main Java[All of the Base Concepts}.docx
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
Physical pharmaceutics notes for B.pharm students
Recently uploaded (20)
Leveraging Generative AI to Drive Nonprofit Innovation
Leveraging Generative AI to Drive Nonprofit Innovation
Film vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movie
How to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRM
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
How to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold Method
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Walmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdf
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
Organization of Petroleum Exporting Countries - Mehemed.pptx
- 1. Organization of Petroleum Exporting Countries • Reem Mehemed
- 2. About OPEC • It is a permanent intergovernmental organization, currently consisting of 12 oil producing and exporting countries, spread across three continents America, Asia and Africa • Oil is the main marketable commodity and foreign exchange earner. Thus, for these countries, oil is the vital key to development – economic, social and political. Their oil revenues are used not only to expand their economic and industrial base, but also to provide their people with jobs, education, health care and a decent standard of living • OPEC was formed at a meeting held on September 14, 1960 in Baghdad, Iraq, by five Founder Members: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. OPEC was registered with the United Nations Secretariat on November 6, 1962
- 4. Why OPEC? • Stable oil market, with reasonable prices and steady supplies to consumers : OPEC was made to make sure that the price of the oil in the world market will be properly controlled. There main goal is to prevent harmful increase in price of oil in global market and make sure that nations that produce oil have a fair profit. • Seven Sisters : The international oil market was dominated by the “Seven Sisters” multinational companies and was largely separate from that of the former Soviet Union (FSU) and other centrally planned economies (CPEs). OPEC developed its collective vision, set up its objectives and established its Secretariat, first in Geneva and then, in 1965, in Vienna. It adopted a ‘Declaratory Statement of Petroleum Policy in Member Countries’ in 1968, which emphasised the inalienable right of all countries to exercise permanent sovereignty over their natural resources in the interest of their national development. Membership grew to ten by 1969.
- 5. OPEC Map • Countries in blue are the members countries • Ecuador and Gabon were early members of OPEC, but Ecuador withdrew on December 31, 1992 because it was unwilling or unable to pay a $2 million membership fee and felt that it needed to produce more oil than it was allowed to under the OPEC quota, although it rejoined in October 2007
- 6. Thank you for your attention