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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
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
Chart: Rainforest loss in the tropics | World Economic Forum Brazil, Indonesia and the Democratic Republic of Congo are in discussions for a new ‘Rainforest OPEC’ deal, the Guardian reports These countries are currently home to over half of the world's remaining primary tropical forests This Statista chart shows primary tropical rainforest loss in 2021