Explainer: What is OPEC? - The World Economic Forum
Nov 11, 2022 · OPEC's 13 member states hold over 80% of the world’s proven oil reserves. It aims to regulate oil prices by either reducing or increasing production.
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 …
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 …
Why oil prices matter to the global economy - an expert explains ...
Feb 16, 2022 · What affects oil prices and how do fluctuations impact the wider economy? We discuss rising inflation, post-pandemic economic recovery and the energy transition.
Dozens of energy ministers are gathering in Riyadh. Here’s what …
Apr 28, 2024 · Energy ministers from around the world are gathering for the World Economic Forum’s Special Meeting on Global Collaboration, Growth and Energy for Development. …
How does the war in Ukraine affect oil prices? - The World …
Mar 4, 2022 · Russia's invasion of Ukraine inflated oil prices even further to well over $110 per barrel. We outline the impact on oil prices and the energy transition.
This is what climate change costs economies around the world
Nov 29, 2023 · The environmental impact of the climate crisis is clear, but what about its economic impact on areas like infrastructure, agriculture and tourism?
Explainer: What drives gasoline prices? - The World Economic Forum
Jun 16, 2022 · A number of geopolitical factors can influence the crude oil market, but one of the biggest influences is the Organization of the Petroleum Exporting Countries (OPEC), led by …
What are the most major economic impacts of higher interest rates?
May 2, 2023 · The cycle of interest rate hikes is exected to slow throughout 2023. Yet the World Economic Forum’s latest Chief Economists Outlook found that the “prospects of a full-scale …
These 8 countries have already achieved net-zero emissions
Dec 16, 2022 · Many countries are targeting net zero emissions by 2050, but eight ‘carbon sink’ countries have already achieved their climate change goals.