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- What are OPEC and OPEC+? How do they influence oil prices? | World . . .
OPEC's 13 member states hold over 80% of the world’s proven oil reserves It aims to regulate oil prices by either reducing or increasing production
- Organization of the Petroleum Exporting Countries (OPEC)
Founded in 1960, the Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental organization with a mission to coordinate and unify the petroleum policies of member countries and ensure the stabilization of oil prices in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital
- The US enters its drill, baby, drill era. Here’s what an energy . . .
The United States has vowed to increase oil and gas production Yet a shift to renewable energy and other market forces are also influencing the sector
- What’s the future of OPEC? - The World Economic Forum
OPEC will continue to meet and hold itself out as a cartel that can control the oil markets, but that time has passed The cartel was dependent upon Saudi Arabia to use its outsized swing position to control spare capacity in the market
- Davos 2025: Special address by US President Donald Trump
Donald Trump told Davos how he will make the US 'stronger, wealthier and more united than ever before', just days after being inaugurated as US president
- Why oil prices matter to the global economy - an expert explains . . .
What affects oil prices and how do fluctuations impact the wider economy? We discuss rising inflation, post-pandemic economic recovery and the energy transition
- How windfall taxes could bolster efforts to reach net-zero
Energy companies could pay windfall taxes on excess profit but they could also reinvest some profit into alternative energy markets to help reach net-zero
- This is what the climate crisis is costing economies around the world
The environmental impact of the climate crisis is clear, but what about its economic impact on areas like infrastructure, agriculture and tourism?
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