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The OPEC Situation: Understanding OPEC’s Relevance in the Global Oil Market 2016 July-August Features 

The OPEC Situation: Understanding OPEC’s Relevance in the Global Oil Market

By Jennifer Delony With the member countries of the Organization of the Petroleum Exporting Countries (OPEC) controlling around 40 percent of the world’s crude oil production and exporting about 60 percent of the petroleum traded internationally, the activities of OPEC have been an important factor affecting not just oil prices but oil production in non-OPEC countries as well. Given that... Read More
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