- The Clumsy Cartel.
OPEC's Uncertain Future Since 1970 the world price of crude oil has been both high and unstable. The price-setter, the Organization of Petroleum Exporting Countries (OPEC), whose members include the United Arab Emirates, Algeria, Indonesia, Iran, Iraq, Kuwait; Libya, Nigeria, Saudi Arabia, and Venezuela, has since 1980 followed a bumpy ......
- The clumsy cartel
HEADNOTE OPEC's Uncertain Future Since 1970 the world price of crude oil has been both high and unstable. The price-- setter, the Organization of Petroleum Exporting Countries (OPEC), whose members include the United Arab Emirates, Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, and Venezuela, has since 1980 followed ......
- The oil weapon: can it be usedtoday?
In 1973 the Arab oil-exporting countries stunned the world by announcing that they were cutting oil production and placing an oil embargo on the United States and the Netherlands. Now, 35 years later, fears about the security of oil supplies are provoking concern that Iran or a similarly hostile country ......
- Lines in the sand.
Faced with sluggish global demand and the possibility of renewed Iraqi exports, OPEC must get serious about production quotas, or else... Crude bears shouldn't go into hibernation yet. It looks like prices are going their way. Heading into the Organization of Petroleum Exporting Countries' (OPEC) planned late-September meeting in Geneva, ......
- Section 11. International
petroleum.
Crude Oil Production. World crude oil production during May 2004 was 72 million barrels per day, down 0.2 million barrels per day from the level in the previous month. Organization of Petroleum Exporting Countries (OPEC) production during May 2004 averaged 29 million barrels per day, down 0.2 million barrels per ......
- Section 11. International
petroleum.
Crude Oil Production. World crude oil production during January 2003 was 68 million barrels per day, up 0.7 million barrels per day from the level in the previous month. Organization of Petroleum Exporting Countries (OPEC) production during January 2003 averaged 27 million barrels per day, up by 0.7 million barrels ......
- Section 11. International
petroleum.
Crude Oil Production. World crude oil production during April 2005 was 74 million barrels per day, up 0.1 million barrels per day from the level in the previous month. Organization of the Petroleum Exporting Countries (OPEC) production during April 2005 averaged 31 million barrels per day, up 0.1 million barrels ......