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1. kids.kiddle.co › OPECOPEC facts for kids - Kids encyclopedia

   kids.kiddle.co › OPEC

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   Oct 18, 2024 · The Organization of the Petroleum Exporting Countries (OPEC, / ˈoʊpɛk / OH-pek) is an organization enabling the co-operation of leading oil-producing countries in order to collectively influence the global oil market and maximize profit.

2. www.opec.org › opec_web › enChildren Book "I need to know" - OPEC

   www.opec.org › opec_web › en

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   Children Book "I need to know". " I need to know ": An introduction to the Oil Industry and OPEC tells the story of oil. It tells how crude oil - or, using its more technical term, petroleum - was discovered, how it is explored and taken from the ground and made into other products.

3. www.weforum.org › stories › 2022What are OPEC and OPEC+? How do they influence oil prices ...

   www.weforum.org › stories › 2022

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   Nov 11, 2022 · Saudi Arabia and Iraq are members of a group called OPEC, while Russia is a member of a larger group called OPEC+. What are these groups, and what do they do? The US is the world’s biggest crude oil producer but is not a member of OPEC.

4. www.reuters.com › business › energyWhat is OPEC+ and how does it impact oil prices? | Reuters

   www.reuters.com › business › energy

   May 31, 2023 · OPEC+ represents around 40% of world oil production and its main objective is to regulate the supply of oil to the world market. The leaders are Saudi Arabia and Russia, which produce around 9...

5. www.reuters.com › markets › commoditiesWhat is OPEC+ and how does it affect oil prices? | Reuters

   www.reuters.com › markets › commodities

   May 24, 2024 · DUBAI, May 24 (Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia are known collectively as OPEC+ and will meet on June 2 to discuss their joint...

6. globalnews.ca › news › 10522634What is OPEC and how does it affect oil prices?

   globalnews.ca › news › 10522634

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   May 24, 2024 · The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia are known collectively as OPEC+ and will meet on June 2, 2024 to discuss their joint oil production policy.

7. People also ask

   What do you need to know about OPEC?

   • " I need to know ": An introduction to the Oil Industry and OPEC tells the story of oil. It tells how crude oil - or, using its more technical term, petroleum - was discovered, how it is explored and taken from the ground and made into other products.

   OPEC : Children Book "I need to know"

   www.opec.org/opec_web/en/publications/2333.htm

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   What are OPEC's main objectives?

   • OPEC’s main objectives are given below: Organization of the Petroleum Exporting Countries (OPEC) has a working methodology which is mentioned below. The OPEC Member Countries adjust their oil productions activities in order to bring stability to the petroleum market and help manufacturers get a good return on their investments.

   Organization Of The Petroleum Exporting Countries (OPEC)

   byjus.com/free-ias-prep/the-organization-of-the-petroleum-exporting-countries-opec/

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   Why do OPEC members adjust their oil production activities?

   • The OPEC Member Countries adjust their oil productions activities in order to bring stability to the petroleum market and help manufacturers get a good return on their investments. This policy is also designed to ensure that oil consumers continue to receive stable supplies of oil.

   Organization Of The Petroleum Exporting Countries (OPEC)

   byjus.com/free-ias-prep/the-organization-of-the-petroleum-exporting-countries-opec/

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   Will OPEC's joint oil production policy affect global oil prices?

   • Members of the The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia will meet next week (June 2, 2024) to discuss their joint oil production policy, which could have a impact on global oil prices. Jakub Porzycki/NurPhoto via Getty Images

   What is OPEC and how does it affect oil prices?

   globalnews.ca/news/10522634/what-is-opec-and-how-does-it-affect-oil-prices/

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   How much oil does OPEC produce a day?

   • OPEC+ represents around 40% of world oil production and its main objective is to regulate the supply of oil to the world market. The leaders are Saudi Arabia and Russia, which produce around 9 and 9.5 million barrels per day (bpd) of oil, respectively. How does OPEC influence global oil prices?

   What is OPEC+ and how does it impact oil prices? | Reuters

   www.reuters.com/business/energy/what-is-opec-how-does-it-impact-oil-prices-2023-05-31/

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   Will OPEC+ release more oil?

   • OPEC+ to release more oil. OPEC says its job is to regulate supply and demand rather than prices. The group’s members depend heavily on oil revenue, with Saudi Arabia’s budget balancing at an oil price of between $90 and $100 a barrel, according to various estimates.

   What is OPEC and how does it affect oil prices?

   globalnews.ca/news/10522634/what-is-opec-and-how-does-it-affect-oil-prices/

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8. byjus.com › free-ias-prep › the-organization-of-theOrganization of the Petroleum Exporting Countries (OPEC ...

   byjus.com › free-ias-prep › the-organization-of-the

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   Organization of the Petroleum Exporting Countries (OPEC) has a working methodology which is mentioned below. The OPEC Member Countries adjust their oil productions activities in order to bring stability to the petroleum market and help manufacturers get a good return on their investments.