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OPEC production quotas and their application to non-OPEC countries

Energy Policy, 1990
Abstract OPEC has employed production or supply quotas on various occasions since March 1982 in an effort to control oil prices. No explicit formula has been used to allocate quotas among members. Nevertheless, an implicit formula may be derived from OPEC's observed behaviour.
John Gault   +3 more
openaire   +1 more source

Soft computing approach for predicting OPEC countries' oil consumption

open access: yesInternational Journal of Oil, Gas and Coal Technology, 2017
Human activities in todays modern world would not be possible without energy. The energy consumed by the Organization of the Petroleum Exporting Countries (OPEC) has increased significantly.
Tutut Herawan   +2 more
exaly   +2 more sources

Domestic demand for petroleum in OPEC countries

OPEC Review, 2000
The literature on OPEC energy policy has focused primarily on its production and export potential. The rapidly increasing domestic demand for petroleum products in OPEC countries has often been ignored. This study estimates domestic demand for petroleum products by the major OPEC economies and forecasts consumption trends under alternative assumptions ...
Ujjayant Chakravorty   +2 more
openaire   +1 more source

Organization of the Petroleum Exporting Countries—OPEC

2021
OPEC was established in 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. It aims to unify and co-ordinate members’ petroleum policies and to safeguard their interests, as well as to stabilize the global petroleum market. The Conference is the supreme authority of the organization, responsible for the formulation of its general policy.
openaire   +2 more sources

Estimating energy demand in OPEC countries

Energy Economics, 1979
Abstract This paper attempts to estimate past trends in the total energy consumption and the use of hydrocarbons in OPEC countries. On the basis of these estimates forecasts are presented of the OPEC countries' internal demand for hydrocarbons. An attempt is also made to assess the impact of this demand on the future availability of OPEC oil and gas ...
openaire   +1 more source

Terrorism in OPEC countries and oil prices

International Journal of Emerging Markets, 2018
Purpose The purpose of this paper is to examine the impact of terrorism in the Organization of the Petroleum Exporting Countries (OPEC) on the return and volatility of world price of oil. Design/methodology/approach GARCH models and daily data from 1987 till 2015 will be used.
Charbel Bassil   +2 more
openaire   +1 more source

Organization of the Petroleum Exporting Countries (OPEC)

2015
Origin and Aims. Founded in Baghdad in 1960 by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The principal aims are: to unify the petroleum policies of member countries and determine the best means for safeguarding their interests, individually and collectively; to devise ways and means of ensuring the stabilization of prices in international oil ...
openaire   +1 more source

Organization of the Petroleum Exporting Countries (OPEC)

2016
This chapter describes Organization of the Petroleum Exporting Countries' (OPEC) mission and its capacity, followed by its abilities to deal with ISIL's expansion in Syria and northern Iraq. The early beginnings of the OPEC cartel involved Venezuela and Iran approaching Saudi Arabia, Iraq, and Kuwait in the late 1940s about having regular meetings to ...
openaire   +2 more sources

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