OPEC
Organization of the Petroleum Exporting Countries (OPEC, /ˈoʊpɛk/ OH-pek), a permanent, international organization headquartered in Vienna, Austria, was established in Baghdad...
OPEC - Wikipedia
Cash-Strapped Saudi Arabia Switches To Gregorian Calendar To Pay Civil Servants Less
Saudi Arabian civil servants will lose 11 days of pay after the country switched to the Gregorian calendar, the predominant format for organizing time in the West. The switch is part of austerity meas...
Reformist Gains In Iran Elections Clear Way For Business Boom
Gains by reformist candidates in Iranian elections open the way for changes to economic policy that will boost foreign investment and trade with the West, businessmen and analysts said on Sunday.
Iran Deal Could Further Slam Markets By Unleashing Oil Wave
Stocks across the Middle East tumbled as the easing of sanctions against Iran raised the prospect of a surge in oil supplies to a market already reeling from the lowest prices in more than a decade. S...
Saudi Arabia to run out of cash in less than 5 years
If oil stays around $50 a barrel, most countries in the region will run out of cash in five years or less, warned a dire report from the International Monetary Fund this week. That includes OPEC leade...
A Game-Changer For The Global Oil Market
Shale technology is a game-changer for the global oil market. Today, this new technology has been developed mostly in the U.S. And, over the past five years, shale oil production in the U.S. has incre...
Crude oil plunges below $50 after shocking supply data
Crude-oil futures fall to the lowest level in a week on Thursday, after U.S. data show inventories have built up much faster than expected.
Saudis block OPEC output cut, sending oil price plunging | Reuters
Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year ...
OPEC - OPEC targets $100/barrel, as oil price hits $91
THE Organisation of Petroleum Exporting Countries (OPEC) has expressed optimism that the price of crude oil will hit $100 per barrel, as the price peaked at ...
Member states of OPEC
The OPEC has twelve member states: six in the Middle East, four in Africa, and two in South America.
The United States was a de facto member during its formal occupation of Iraq via the Coalition ...
1980s oil glut
The 1980s Oil Glut was a serious surplus of crude oil caused by falling demand following the 1970s Energy Crisis. The world price of oil, which had peaked in 1980 at over US$35 per barrel ($100 per ba...
1980s oil glut - Wikipedia
Oil price increase of 1990
The 1990 oil price spike occurred in response to the Iraqi invasion of Kuwait on August 2, 1990. Lasting only 9 months, the price shock was less extreme and of shorter duration than the previous oil c...
Oil price increases since 2003
From the mid-1980s to September 2003, the inflation adjusted price of a barrel of crude oil on NYMEX was generally under $25/barrel. Then, during 2004, the price rose above $40, and then $50. A series...
Oil price increases since 2003 - Wikipedia
Cash-Strapped Saudi Arabia Switches To Gregorian Calendar To Pay Civil Servants Less
Saudi Arabian civil servants will lose 11 days of pay after the country switched to the Gregorian calendar, the predominant format for organizing time in the West. The switch is part of austerity meas...
Effects of the 2000s energy crisis
From the mid-1980s to September 2003, the inflation-adjusted price of a barrel of crude oil on NYMEX was generally under $25/barrel. During 2003, the price rose above $30, reached $60 by 11 August 200...
Effects of the 2000s energy crisis - Wikipedia
Vision 2010
Vision 2010 is a projected economic plan for Nigeria to improve economically. Nigeria is a lesser developed country, whose politics have been shaped by chronic military dictatorships, dependence on oi...
UNDP Angola
United Nations Development Programme (UNDP) in Angola is one of the 166 country offices of the United Nations Development Programme’s global network, and is located in the country’s capital Luanda. It...
Reformist Gains In Iran Elections Clear Way For Business Boom
Gains by reformist candidates in Iranian elections open the way for changes to economic policy that will boost foreign investment and trade with the West, businessmen and analysts said on Sunday.
Ecuador
Ecuador (/ˈɛkwədɔr/ E-kwə-dawr), officially the Republic of Ecuador (Spanish: República del Ecuador [reˈpuβlika ðel ekwaˈðor], which literally t...
Ecuador - Wikipedia
Ras Al Khaimah Investment Authority
Ras Al Khaimah Investment Authority (RAKIA) was constituted by Emiri Decree No. (2)/2005 issued by the late Sheikh Saqr Bin Muhammad Al Qasimi in view of reinforcing the investment climate of this mem...
Ras Al Khaimah Investment Authority - Wikipedia
Rilwanu Lukman
Rilwanu Lukman (26 August 1938 – 21 July 2014) was a Nigerian engineer who held several ministerial positions in the Nigerian Federal government before becoming Secretary General of OPEC (Organization...
Taxation in Algeria
In Algeria, the most important sources of government revenue have been oil and gas royalties. Taxation in Algeria has been streamlined through the replacement of a number of different taxes by a value...