Opec oil producing countries list

The Organization of the Petroleum Exporting Countries (OPEC) is a permanent intergovernmental organization of oil-exporting developing nations that coordinates and unifies the petroleum policies of its Member Countries. OPEC seeks to ensure the stabilisation of oil prices in the international oil markets, with a view to eliminating harmful and

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The Organization of the Petroleum Exporting Countries is an intergovernmental organization of In December 2014, "OPEC and the oil men" ranked as #3 on Lloyd's list of "the top 100 most influential people in the shipping industry". Oil- exporting countries were eventually motivated to form OPEC as a counterweight to 

In 1965, OPEC’s headquarters was set up in Vienna, Austria, where it remains today. There are a total of 15 nations that are members of OPEC. Two are located in South America, six in the Middle East, and seven in Africa. These nations include: Algeria; Angola; Ecuador; Equatorial Guinea; Gabon; Iran; Iraq; Kuwait; Libya; Nigeria; Qatar; Republic of the Congo; Saudi Arabia OPEC Countries. In 2015, the 14 OPEC countries controlled 43% of the oil produced and 73% of oil reserves in the world. In 2014, the US was leading globally in oil production, though it is not an OPEC member. The second largest producer was Saudi Arabia, which is an OPEC member state. Historical Production Data OPEC Member Countries’ historical production data, directly communicated or based on secondary sources, are available in OPEC’s Monthly Oil Market Reports. These reports can be viewed here . A map of world oil reserves according to OPEC, January 2014 This is a list of countries by proven oil reserves . Proven reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated, with a high degree of confidence, to be commercially recoverable from a given date forward from known

26 Apr 2018 2016, OPEC announced that 11 non-OPEC countries, led by Russia, had joined the agreement by pledging to further reduce oil production by 

6 Mar 2020 Oil ministers from the 14 Organisation of the Petroleum Exporting Countries decided to push for a cut of 1.5m barrels a day. The move is  10 Apr 2019 OPEC member countries monitor the market and decide collectively to raise or lower oil production in order to maintain stable prices and  4 Dec 2019 Iran has dropped to the bottom of the list of the Organization of Petroleum Exporting Countries' (OPEC) crude producers, slightly ahead of  Last month the Organization of the Petroleum Exporting Countries (OPEC) enacted an agreement to cut oil production to shore up global prices. Now, after  10 Dec 2016 The oil-producing nations outside the Organization of the Petroleum OPEC published for the first time in years a detailed list of production  30 Nov 2016 Oil cartel Opec agrees its first supply cut in eight years, sending the He did not list which countries these might be, beyond saying Russia major oil-producing nations such as the US and Russia are not Opec members. 11 Oct 2019 Iraq takes third spot in the list of countries with the biggest oil As the third oil producer among OPEC countries, the country holds 8% of the 

OPEC oil exports and production This is a list of oil-producing countries by oil exports based on The World Factbook [1] and other Sources. [1] Many countries also import oil , and some import more oil than they export.

OPEC - Organization of the Petroleum Exporting Countries OPEC Member Countries have made significant additions to their oil reserves in recent years, for As a result, OPEC's proven oil reserves currently stand at 1,189.80 billion barrels. Country, Million barrels per day, Share of world total. United States, 17.94, 18%. Saudi Arabia, 12.42, 12%. Russia, 11.40, 11%. Canada, 5.38, 5%. China, 4.81 17 Jun 2019 Number one on this list of the top 10 oil-producing countries is the US. Saudi Arabia played a key role in OPEC's decision to curb oil output,  25 Feb 2020 Half of the 10 OPEC countries now participating in supply cuts conformed last month, for a rate of 138%, according to Bloomberg calculations  26 Nov 2019 The Organization of the Petroleum Exporting Countries (OPEC) is a cartel of oil- producing countries which was established in Baghdad, Iraq,  10 Feb 2020 The Organization of the Petroleum Exporting Countries (OPEC) and a non-OPEC technical panel have recommended extending a current  7 Jan 2020 Oil output from the Organisation of Petroleum Exporting Countries (OPEC) dropped to an average of 29.5mn barrels per day (bpd) in December 

11 Oct 2019 Here is a look at the top five oil-producing countries, which are responsible for of the Petroleum Exporting Countries (OPEC) to make this list.

All OPEC Producers Plus Top 30 Non-OPEC producers. Of all the non-OPEC producers, only 30 have significant production (over 100 thousand barrels per day). This is an analysis of the EIA data for those top 30 non-OPEC producers, plus all 12 OPEC producers, up through 2009. Of these 42 largest oil producing countries in the world, representing The Organization of the Petroleum Exporting Countries (OPEC, / ˈ oʊ p ɛ k / OH-pek) is an intergovernmental organization of 14 nations, founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), and headquartered since 1965 in Vienna, Austria.

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2 May 2019 Iran is the third largest producer in OPEC, with a production rate of just under 4mbbl/day. The country has proven crude oil resources of  22 May 2019 The 15 countries with the largest proven oil reserves span five The countries on this list span five continents and control anywhere Qatar was a member of the Organization of the Petroleum Exporting Countries, or OPEC,  7 Mar 2020 (Bloomberg Opinion) -- Friday's gathering of oil ministers from the Organization of the Petroleum Exporting Countries and their international  The Organization of Petroleum Exporting Countries is the outstanding and a ' competitive fringe' of other oil-producing countries (whether OPEC members or not) Hamilton (2003) used a list of exogenous oil supply disruptions, such as the  6 Mar 2020 Oil ministers from the 14 Organisation of the Petroleum Exporting Countries decided to push for a cut of 1.5m barrels a day. The move is  10 Apr 2019 OPEC member countries monitor the market and decide collectively to raise or lower oil production in order to maintain stable prices and 

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