Organization of the Petroleum Exporting Countries - Revision history

Verda.Majo: added see also section

2026-04-19T03:30:49Z

added see also section

← Older revision		Revision as of 03:30, 19 April 2026
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	[[File:OPEC map.png\|thumb\|372x372px\|OPEC (dark blue) and OPEC+ (light blue)]]		[[File:OPEC map.png\|thumb\|372x372px\|OPEC (dark blue) and OPEC+ (light blue)]]
	The '''Organization of the Petroleum Exporting Countries''' ('''OPEC''') is an international organization of 13 oil-producing countries. OPEC+ contains 11 additional countries, including the [[Russian Federation]].		The '''Organization of the Petroleum Exporting Countries''' ('''OPEC''') is an international organization of 13 [[Petroleum\|oil]]-producing countries. OPEC+ contains 11 additional countries, including the [[Russian Federation]].

	== History ==		== History ==
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	As of September 2023, oil prices approached but did not breach $100 per barrel, instead reaching a peak of $95 per barrel before falling.<ref>{{Web citation\|author=Irina Slav\|newspaper=Oil Price\|title=Saudi Arabia’s Oil Gamble Pays Off With $95 Brent\|date=2023-09-30\|url=https://oilprice.com/Energy/Crude-Oil/Saud-Arabias-Oil-Gamble-Pays-Off-With-95-Brent.html\|archive-url=https://archive.ph/AI6Xt\|archive-date=2023-10-06\|retrieved=2023-10-07}}</ref>		As of September 2023, oil prices approached but did not breach $100 per barrel, instead reaching a peak of $95 per barrel before falling.<ref>{{Web citation\|author=Irina Slav\|newspaper=Oil Price\|title=Saudi Arabia’s Oil Gamble Pays Off With $95 Brent\|date=2023-09-30\|url=https://oilprice.com/Energy/Crude-Oil/Saud-Arabias-Oil-Gamble-Pays-Off-With-95-Brent.html\|archive-url=https://archive.ph/AI6Xt\|archive-date=2023-10-06\|retrieved=2023-10-07}}</ref>

			== See also ==

			* [[Petroleum]]
			* [[Petroleum politics]]

	== References ==		== References ==
	[[Category:Intergovernmental organizations]]		[[Category:Intergovernmental organizations]]

SeventyTwoTrillion: Added a 2020s section, rearranged sentences, and added recent news on oil prices and oil cuts.

2023-10-07T13:29:56Z

Added a 2020s section, rearranged sentences, and added recent news on oil prices and oil cuts.

← Older revision		Revision as of 13:29, 7 October 2023
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	[[File:OPEC map.png\|thumb\|372x372px\|OPEC (dark blue) and OPEC+ (light blue)]]		[[File:OPEC map.png\|thumb\|372x372px\|OPEC (dark blue) and OPEC+ (light blue)]]
	The '''Organization of the Petroleum Exporting Countries''' ('''OPEC''') is an international organization of 13 oil-producing countries. OPEC+ contains 11 additional countries, including the [[Russian Federation]]. In October 2022, against the wishes of the [[United States of America\|USA]], OPEC announced it would reduce oil production by 2 million barrels (318 million liters) per day.<ref>{{Web citation\|author=Prabhat Patnaik\|newspaper=[[Peoples Democracy]]\|title=The OPEC’s Decision to Cut Oil Output\|date=2022-10-16\|url=https://peoplesdemocracy.in/2022/1016_pd/opec%E2%80%99s-decision-cut-oil-output\|archive-url=https://web.archive.org/web/20221014124457/https://peoplesdemocracy.in/2022/1016_pd/opec%E2%80%99s-decision-cut-oil-output\|archive-date=2022-10-14\|retrieved=2022-10-16}}</ref>		The '''Organization of the Petroleum Exporting Countries''' ('''OPEC''') is an international organization of 13 oil-producing countries. OPEC+ contains 11 additional countries, including the [[Russian Federation]].

	== History ==		== History ==
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	In October 1973, because of the [[Yom Kippur War]], OPEC increased the price of oil, which rose from $3 to $36 by 1981.<ref name=":122">{{Citation\|author=[[Vijay Prashad]]\|year=2008\|title=The Darker Nations: A People's History of the Third World\|chapter=Caracas\|page=183–8\|pdf=https://cloudflare-ipfs.com/ipfs/bafykbzaceascnzh26r5d6uitjjs2z7rflhaxlt7rboz5whzdf76qg6xxvecqq?filename=%28A%20New%20Press%20People%27s%20history%29%20Vijay%20Prashad%20-%20The%20darker%20nations_%20a%20people%27s%20history%20of%20the%20third%20world-The%20New%20Press%20%282008%29.pdf\|publisher=The New Press\|isbn=9781595583420\|lg=https://libgen.rs/book/index.php?md5=9B40B96E830128A7FE0E0E887C06829F}}</ref>		In October 1973, because of the [[Yom Kippur War]], OPEC increased the price of oil, which rose from $3 to $36 by 1981.<ref name=":122">{{Citation\|author=[[Vijay Prashad]]\|year=2008\|title=The Darker Nations: A People's History of the Third World\|chapter=Caracas\|page=183–8\|pdf=https://cloudflare-ipfs.com/ipfs/bafykbzaceascnzh26r5d6uitjjs2z7rflhaxlt7rboz5whzdf76qg6xxvecqq?filename=%28A%20New%20Press%20People%27s%20history%29%20Vijay%20Prashad%20-%20The%20darker%20nations_%20a%20people%27s%20history%20of%20the%20third%20world-The%20New%20Press%20%282008%29.pdf\|publisher=The New Press\|isbn=9781595583420\|lg=https://libgen.rs/book/index.php?md5=9B40B96E830128A7FE0E0E887C06829F}}</ref>

			== 2020s ==

			=== 2022 ===
			In October 2022, against the wishes of the [[United States of America\|USA]], OPEC announced it would reduce oil production by 2 million barrels (318 million liters) per day.<ref>{{Web citation\|author=Prabhat Patnaik\|newspaper=[[Peoples Democracy]]\|title=The OPEC’s Decision to Cut Oil Output\|date=2022-10-16\|url=https://peoplesdemocracy.in/2022/1016_pd/opec%E2%80%99s-decision-cut-oil-output\|archive-url=https://web.archive.org/web/20221014124457/https://peoplesdemocracy.in/2022/1016_pd/opec%E2%80%99s-decision-cut-oil-output\|archive-date=2022-10-14\|retrieved=2022-10-16}}</ref>

			=== 2023 ===
			In July 2023, Saudi Arabia announced an oil production cut of approximately 1 million barrels per day,<ref>{{Web citation\|author=Maha El Dahan\|newspaper=Reuters\|title=Saudi plans new oil cuts as part of OPEC+ deal: sources\|date=2023-06-04\|url=https://www.reuters.com/business/energy/opec-meets-debate-production-quotas-new-cut-sources-2023-06-04/\|archive-url=https://archive.ph/BUY4T\|archive-date=2023-06-04\|retrieved=2023-10-07}}</ref> which resulted in oil prices generally increasing until the autumn of 2023.

			As of September 2023, oil prices approached but did not breach $100 per barrel, instead reaching a peak of $95 per barrel before falling.<ref>{{Web citation\|author=Irina Slav\|newspaper=Oil Price\|title=Saudi Arabia’s Oil Gamble Pays Off With $95 Brent\|date=2023-09-30\|url=https://oilprice.com/Energy/Crude-Oil/Saud-Arabias-Oil-Gamble-Pays-Off-With-95-Brent.html\|archive-url=https://archive.ph/AI6Xt\|archive-date=2023-10-06\|retrieved=2023-10-07}}</ref>

	== References ==		== References ==
	[[Category:Intergovernmental organizations]]		[[Category:Intergovernmental organizations]]

Ledlecreeper27 at 21:50, 27 June 2023

2023-06-27T21:50:01Z

← Older revision		Revision as of 21:50, 27 June 2023
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	== History ==		== History ==
	[[Abdullah Tariki]] of [[Kingdom of Saudi Arabia\|Saudi Arabia]] and [[Juan Pablo Pérez Alfonso]] of [[Bolivarian Republic of Venezuela\|Venezuela]] established the [[Oil Consultative Commission]] and agreed to hold yearly meetings. After [[Exxon]] cut oil prices, the oil-producing countries met in Baghdad in September 1960 and founded OPEC. Its first resolution was to criticize the seven oil corporations and demand them to keep prices stable.<ref name=":122">{{Citation\|author=[[Vijay Prashad]]\|year=2008\|title=The Darker Nations: A People's History of the Third World\|chapter=Caracas\|page=~~183–5~~\|pdf=https://cloudflare-ipfs.com/ipfs/bafykbzaceascnzh26r5d6uitjjs2z7rflhaxlt7rboz5whzdf76qg6xxvecqq?filename=%28A%20New%20Press%20People%27s%20history%29%20Vijay%20Prashad%20-%20The%20darker%20nations_%20a%20people%27s%20history%20of%20the%20third%20world-The%20New%20Press%20%282008%29.pdf\|publisher=The New Press\|isbn=9781595583420\|lg=https://libgen.rs/book/index.php?md5=9B40B96E830128A7FE0E0E887C06829F}}</ref>		[[Abdullah Tariki]] of [[Kingdom of Saudi Arabia\|Saudi Arabia]] and [[Juan Pablo Pérez Alfonso]] of [[Bolivarian Republic of Venezuela\|Venezuela]] established the [[Oil Consultative Commission]] and agreed to hold yearly meetings. After [[Exxon]] cut oil prices, the oil-producing countries met in Baghdad in September 1960 and founded OPEC. Its first resolution was to criticize the seven oil corporations and demand them to keep prices stable.

			In October 1973, because of the [[Yom Kippur War]], OPEC increased the price of oil, which rose from $3 to $36 by 1981.<ref name=":122">{{Citation\|author=[[Vijay Prashad]]\|year=2008\|title=The Darker Nations: A People's History of the Third World\|chapter=Caracas\|page=183–8\|pdf=https://cloudflare-ipfs.com/ipfs/bafykbzaceascnzh26r5d6uitjjs2z7rflhaxlt7rboz5whzdf76qg6xxvecqq?filename=%28A%20New%20Press%20People%27s%20history%29%20Vijay%20Prashad%20-%20The%20darker%20nations_%20a%20people%27s%20history%20of%20the%20third%20world-The%20New%20Press%20%282008%29.pdf\|publisher=The New Press\|isbn=9781595583420\|lg=https://libgen.rs/book/index.php?md5=9B40B96E830128A7FE0E0E887C06829F}}</ref>

	== References ==		== References ==
	[[Category:Intergovernmental organizations]]		[[Category:Intergovernmental organizations]]

Ledlecreeper27: Foundation

2023-06-27T21:45:05Z

Foundation

← Older revision		Revision as of 21:45, 27 June 2023
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	[[File:OPEC map.png\|thumb\|372x372px\|OPEC (dark blue) and OPEC+ (light blue)]]		[[File:OPEC map.png\|thumb\|372x372px\|OPEC (dark blue) and OPEC+ (light blue)]]
	The '''Organization of the Petroleum Exporting Countries''' ('''OPEC''') is an international organization of 13 oil-producing countries. OPEC+ contains 11 additional countries, including the [[Russian Federation]]. In October 2022, against the wishes of the [[United States of America\|USA]], OPEC announced it would reduce oil production by 2 million barrels (318 million liters) per day.<ref>{{Web citation\|author=Prabhat Patnaik\|newspaper=[[Peoples Democracy]]\|title=The OPEC’s Decision to Cut Oil Output\|date=2022-10-16\|url=https://peoplesdemocracy.in/2022/1016_pd/opec%E2%80%99s-decision-cut-oil-output\|archive-url=https://web.archive.org/web/20221014124457/https://peoplesdemocracy.in/2022/1016_pd/opec%E2%80%99s-decision-cut-oil-output\|archive-date=2022-10-14\|retrieved=2022-10-16}}</ref>		The '''Organization of the Petroleum Exporting Countries''' ('''OPEC''') is an international organization of 13 oil-producing countries. OPEC+ contains 11 additional countries, including the [[Russian Federation]]. In October 2022, against the wishes of the [[United States of America\|USA]], OPEC announced it would reduce oil production by 2 million barrels (318 million liters) per day.<ref>{{Web citation\|author=Prabhat Patnaik\|newspaper=[[Peoples Democracy]]\|title=The OPEC’s Decision to Cut Oil Output\|date=2022-10-16\|url=https://peoplesdemocracy.in/2022/1016_pd/opec%E2%80%99s-decision-cut-oil-output\|archive-url=https://web.archive.org/web/20221014124457/https://peoplesdemocracy.in/2022/1016_pd/opec%E2%80%99s-decision-cut-oil-output\|archive-date=2022-10-14\|retrieved=2022-10-16}}</ref>

			== History ==
			[[Abdullah Tariki]] of [[Kingdom of Saudi Arabia\|Saudi Arabia]] and [[Juan Pablo Pérez Alfonso]] of [[Bolivarian Republic of Venezuela\|Venezuela]] established the [[Oil Consultative Commission]] and agreed to hold yearly meetings. After [[Exxon]] cut oil prices, the oil-producing countries met in Baghdad in September 1960 and founded OPEC. Its first resolution was to criticize the seven oil corporations and demand them to keep prices stable.<ref name=":122">{{Citation\|author=[[Vijay Prashad]]\|year=2008\|title=The Darker Nations: A People's History of the Third World\|chapter=Caracas\|page=183–5\|pdf=https://cloudflare-ipfs.com/ipfs/bafykbzaceascnzh26r5d6uitjjs2z7rflhaxlt7rboz5whzdf76qg6xxvecqq?filename=%28A%20New%20Press%20People%27s%20history%29%20Vijay%20Prashad%20-%20The%20darker%20nations_%20a%20people%27s%20history%20of%20the%20third%20world-The%20New%20Press%20%282008%29.pdf\|publisher=The New Press\|isbn=9781595583420\|lg=https://libgen.rs/book/index.php?md5=9B40B96E830128A7FE0E0E887C06829F}}</ref>

	== References ==		== References ==
	[[Category:Intergovernmental organizations]]		[[Category:Intergovernmental organizations]]

Ledlecreeper27: Created

2022-10-16T14:59:55Z

Created

New page

[[File:OPEC map.png|thumb|372x372px|OPEC (dark blue) and OPEC+ (light blue)]]
The '''Organization of the Petroleum Exporting Countries''' ('''OPEC''') is an international organization of 13 oil-producing countries. OPEC+ contains 11 additional countries, including the [[Russian Federation]]. In October 2022, against the wishes of the [[United States of America|USA]], OPEC announced it would reduce oil production by 2 million barrels (318 million liters) per day.<ref>{{Web citation|author=Prabhat Patnaik|newspaper=[[Peoples Democracy]]|title=The OPEC’s Decision to Cut Oil Output|date=2022-10-16|url=https://peoplesdemocracy.in/2022/1016_pd/opec%E2%80%99s-decision-cut-oil-output|archive-url=https://web.archive.org/web/20221014124457/https://peoplesdemocracy.in/2022/1016_pd/opec%E2%80%99s-decision-cut-oil-output|archive-date=2022-10-14|retrieved=2022-10-16}}</ref>

== References ==
[[Category:Intergovernmental organizations]]