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1. www.youtube.com › watchWhat is OPEC? | CNBC Explains - YouTube

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   Jun 20, 2018 · The fluctuating price of oil is largely decided by supply and demand and the collective actions of OPEC, an organization that provides 40% of the world’s oil. CNBC's Tom Chitty explains.

   • Video Duration: 4 min
   • Views: 302.3K

   • Author: CNBC International

2. www.youtube.com › watchOPEC+ meeting: Here's what to expect - YouTube

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   May 28, 2024 · Francisco Blanch, BofA Securities head of global commodity and derivatives research, joins 'Squawk on the Street' to discuss what to expect from OPEC this weekend, if Chinese oil demand is...

   • Video Duration: 5 min
   • Views: 3.6K

   • Author: CNBC Television

3. www.youtube.com › watchOPEC+ meeting: What to expect for oil prices and ... - YouTube

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   Aug 3, 2022 · CNBC's Brian Sullivan reports on news around Wednesday's OPEC+ meeting. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.c...

   • Video Duration: 3 min
   • Views: 3.5K

   • Author: CNBC Television

4. www.youtube.com › watchOil Holds Gain Ahead of OPEC+ Meeting - YouTube

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   Apr 3, 2024 · Oil held a rally after an industry report pointed to a drawdown in US crude inventories, ahead of an online gathering between OPEC and its allies at which the group is expected to affirm current...

   • Video Duration: 3 min
   • Views: 1876

   • Author: Bloomberg Television

5. www.youtube.com › watchOPEC+ Extends Oil Cuts But Lays Out Plan to Bring ... - YouTube

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   Jun 2, 2024 · OPEC+ extended its production cuts as it seeks to bolster a fragile market, but also set a date to begin bringing some oil back online later this year.

   • Video Duration: 4 min
   • Views: 1308

   • Author: Bloomberg Television

6. www.youtube.com › watchOPEC+ will cut production by 2 million barrels a ... - YouTube

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   Oct 5, 2022 · CNBC's Brian Sullivan joins 'The Exchange' to discuss the OPEC+ decision to cut oil production rates by 2 million barrels per day, despite a number of OPEC producers failing to meet their quota....

   • Video Duration: 4 min
   • Views: 18.6K

   • Author: CNBC Television

7. People also ask

   How much oil does OPEC produce a day?

   • OPEC+ crude output represents about 41% of global oil production. The group's main objective is to regulate the supply of oil to the global market. The leaders are Saudi Arabia and Russia, which produce and 9 million and 9.3 million barrels per day (bpd) of oil respectively.

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

   www.reuters.com/markets/commodities/what-is-opec-how-does-it-affect-oil-prices-2024-05-24/

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   Why is OPEC releasing more oil?

   • Gasoline prices are an important political subject in the United States, where a presidential election takes place this year, and have prompted Washington to make repeated calls on OPEC+ to release more oil. OPEC says its job is to regulate supply and demand rather than prices.

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

   www.reuters.com/markets/commodities/what-is-opec-how-does-it-affect-oil-prices-2024-05-24/

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   How does OPEC affect global oil prices?

   • OPEC estimates that its member countries hold about 80% of the world's proven oil reserves. Because of its large market share, the decisions OPEC makes can affect global oil prices. Its members meet regularly to decide how much oil to sell on global markets. As a result, when they lower supply in response to falling demand, oil prices tend to rise.

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

   www.reuters.com/markets/commodities/what-is-opec-how-does-it-affect-oil-prices-2024-05-24/

   See all results for this question

   What is OPEC's main objective?

   • The group's main objective is to regulate the supply of oil to the global market. The leaders are Saudi Arabia and Russia, which produce and 9 million and 9.3 million barrels per day (bpd) of oil respectively. Angola, which joined OPEC in 2007, quit the bloc at the start of this year, citing disagreements over production levels.

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

   www.reuters.com/markets/commodities/what-is-opec-how-does-it-affect-oil-prices-2024-05-24/

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   Does OPEC regulate oil prices?

   • 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? | Reuters

   www.reuters.com/markets/commodities/what-is-opec-how-does-it-affect-oil-prices-2024-05-24/

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   What makes the OPEC tool so powerful?

   • What make the OpEC tool particularly powerful are its programmed macro functions. These enable each iteration involving a change to a load and its operating parameters to be saved within the memory of the spreadsheet. Changes can be recorded in one spreadsheet rather than being dispersed over several files.

   Making building performance visible - CIBSE Journal

   www.cibsejournal.com/technical/making-building-performance-visible/

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

   www.reuters.com › markets › commodities

   May 24, 2024 · OPEC+ crude output represents about 41% of global oil production. The group's main objective is to regulate the supply of oil to the global market.