Thu, Oct 2, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil, Research more

OPEC fast facts

Posted on 31 July 2013

The purpose of OPEC for members is to “co-ordinate and unify their petroleum policies in order to promote harmony and stability in the oil market.” OPEC members collectively supply about 40% of the world’s oil supply.
Together, OPEC members control about 75% of the world’s total proven crude reserves. OPEC member countries monitor the market and decide collectively to raise or lower oil production in order to maintain stable prices and supply………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37241 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031