OPEC country

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• OPEC Reference Basket — The OPEC Reference Basket (ORB), also referred to as the OPEC Basket is a weighted average of prices for petroleum blends produced by OPEC countries. It is used as an important benchmark for crude oil prices. On June 15, 2005 the OPEC basket was… …   Wikipedia

• OPEC — Organization of Petroleum Exporting Countries …   Wikipedia

• OPEC — /oh pek/, n. an organization founded in 1960 of nations that export large amounts of petroleum: formed to establish oil exporting policies and set prices. [O(rganization of) P(etroleum) E(xporting) C(ountries)] * * * in full Organization of… …   Universalium

• OPEC Fund for International Development — The OPEC Fund for International Development (OFID) is a multilateral development finance institution established in 1976 by the Member Countries of the Organization of the Petroleum Exporting Countries (OPEC). Its objective is to reinforce… …   Wikipedia

• OPEC — Organization of Petroleum Exporting Countries, emerged as the major petroleum pricing power in 1973, when the ownership of oil production in the Middle East transferred from the operating companies to the governments of the producing countries or …   Financial and business terms

• OPEC Basket — A weighted average of oil prices collected from various oil producing countries. This average is determined according to the production and exports of each country and is used as a reference point by OPEC to monitor worldwide oil market… …   Investment dictionary

• Member states of OPEC — The OPEC has twelve member states: six in the Middle East, four in Africa, and two in South America. List Country Region Joined OPEC[1] Population (July 2008)[2] Area (km²) …   Wikipedia

• Less developed country — Ein Entwicklungsland ist nach allgemeinem Verständnis ein Land, das hinsichtlich seiner wirtschaftlichen, sozialen und politischen Entwicklung einen relativ niedrigen Stand aufweist. Dabei handelt es sich um einen Sammelbegriff für Länder, die… …   Deutsch Wikipedia

• Organization Of Petroleum Exporting Countries - OPEC — An organization consisting of the world s major oil exporting nations. The Organization of Petroleum Exporting Countries (OPEC) was founded in 1960 to coordinate the petroleum policies of its members, and to provide member states with technical… …   Investment dictionary

• 1990-1999 world oil market chronology — 1990*Aug: Iraq invades Kuwait. Crude and product prices soar upward; exchange markets react wildly to any middle east news events; cash markets dominate prices after trading hours; jet fuel prices rise to record spreads over other products due to …   Wikipedia

• 2002 world oil market chronology — *January 1: The OPEC crude oil production quota cuts of 1.5 million barrels per day, announced on December 28, officially go into effect for six months. Crude oil production or export cuts of convert|462500|oilbbl/d|m3/d by five non OPEC oil… …   Wikipedia