Sun, Dec 4, 2016
A A A
Welcome vaishu
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 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
December 2016
S M T W T F S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031