OPEC – Organization of the Petroleum Exporting Countries
βοΈ αααααΉαααααΆαα
- α’αααααΆα OPEC ααΆα’αααααΆαα’αααααααααΆαα·ααΆααααααΆαααααααααΆαα αααααααα ααα½α 13 ααααααααααααα½αααααααααΆαααααααααααααΆαα·ααααααααα½αα
- α’αααααΆα OPEC ααααΌαααΆααααααΎαα‘αΎααα ααααΆα 1960 ααΎααααΈβααΆααΆααβαααααααααβαααααα·αβαααααβαα αααα»αβαα·αααααβααΈβααΆαβαααα α»α αα·ααααααΎαβαααααβαααααα
- αααααααααααΆαα ααααααΆααααΆαααΆαααααααα’αααααΆα OPEC
- ααααααααααααααα
- ααααα ααααα’αααααΆα OPEC
- α₯αααα·ααααααα’αααααΆα OPEC ααΎααααααα·α αα αα·αααΆαα·ααααααα
βοΈ ααααααααααΈ OPEC
OPEC α¬ Organization of the Petroleum Exporting Countries (α’αααααΆααααααα»αααααααααΆααααααα αα) ααΊααΆα’αααααΆαα’αααααααααΆαα·ααΆαα ααα½α 13 ααααααααΆαα ααααααα ααααααααααααα½αααααααααΆαααααααααααααΆαα·ααααααααα½αα
βοΈ α ααα»α’αααΈααΆαααΆ OPEC ααααΌαααΆααααααΎαα‘αΎα?
OPEC ααααΌαααΆααααααΎαα‘αΎααα ααααΆα 1960 ααΎααααΈβααΆααΆααβαααααααααβαααααα·αβαααααβαα αααα»αβαα·αααααβααΈβααΆαβαααα α»α αα·ααααααΎαβαααααβαααααααααΆαααααα ααΌα αααα αα αααααααααααααα½αααΆααααααααααααααααα ααααααααααααααααΉαααααΎααΌα ααααΆααΎααααΈααααα½ααααααααααα»αααΈααααΆαα’ααααααΆαα· αααααΆααΉαα’αΆα ααΆαα±ααααΆαααΆαααα α»ααααα»αααααα»αααααααααα»αα’ααααΆααΏαααΆααα»αα
βοΈ ααΎαααΆαααΆααα OPEC αααααα ααααααΆααα αααααΆ?
OPEC αααααα ααααααΆααααΆαααΆαααααΈααααΆαααααααααα αΆααααααααααα½ααα α αααααααΆαααααααΆαααααΈαα½ααα
βοΈ αααααααααααΆαα ααααααΆααααΆαααΆααα OPEC
αααααααααααΆαα ααααααΆααααΆαααΆααα OPEC ααΊ ααΎααααΈαααααααΌααα αα α»ααααααααΆα αα·αααΆααα·ααΆαααΎααΈααααΆαααααααα·ααααα αα½αααΆαααααααΆαα»ααααααΆααααααααααα αα·ααααααΌαααΆα ααααα·αααα·ααααα αα·ααα·ααααΆααΆαααααααααααα
βοΈ ααααααααααααααα
ααααααααααααααα ααΊ $70-$80 αααα»ααα½αααΆαααααβ α αΎαααααα·αααΎααααααααααααααΆααα α»αααααααααααααααα ααααααααΆαααααα OPEC ααΉαααΆααααααα·αααΎααΆααααααααααααααααα½ααα ααΌα αααααααααα’αΆα ααΎαα‘αΎααααααα
βοΈ ααααααααΆαα 13 αααα αΌαααΆαααΆαα·αααα’αααααΆα OPEC & βοΈ ααααααααΆαα 5 αααααααΎααααΆαααααααα αααΎαααΆααα
ααααααααΆαα 13 αααα αΌαααΆαααΆαα·αααα’αααααΆα OPECα α’αΆααα αααααΈ, α’ααα αααα‘αΆ, αα»αα ααα, α’αααααΆαααα αααΈαα, α αααΆαα»α, α’ααΈαααα, α’ααΈαααΆαα, αα»ααααα, ααΈαααΈ, ααΈα αααααΈαααΆ, α’αΆαααΆαααΈααΆα’αΌααΈα, α’αααΈαααΆαα’αΆαααΆαααα½α, αα·ααααααααα»αα’αα‘αΆα
ααααααααΆαα 5 αααααααΎααααΆαααααααα αααΎαααΆααααβ αα ααααα’αΆαααα·α, ααΆααΆαααααααααααΆααΆαα·αβα α·α, α₯ααααΆ, αααα»α, αα·ααα»αααααΈα
βοΈ ααΎ OPEC ααΆαααααα α ααα½αααα»ααααΆα?
OPEC ααΆαααααα α ααα½α 3 ααΊα
1. αααααΆααααααααααα±ααααΆαβαααα·αααΆαα
ααΎααααΈαααααΆαααα·αααΆααααααααααααααααΆααααααααααα½αααα·αααααααααααααααααΆαα·ααααααααα½αααΆααααααΌααΆα
2. ααΆαααααααααΆααααααααα½αααααααααααα
ααΎααααΈααΆαααααααααΆααααααααα½ααααααααααα ααααααααΉαααΆααΉαααααΎα±ααααΆαααα·α αα·αααΆααααααααααααααααααα½αααΆαααα ααααααΆααααα’αΆα ααααΎααΆααααααΆαααααΆαα·α OPECα
3. ααΆαααααααα’αα·ααα αα·ααααααααΆαα
ααααααα½αααΆαααααααααααααααα ααΎααααΈααααααααΉαα’αα·ααα αα·αααΆαααααααΆα αααααΆααααααα’αΆα αα½αααΆαααααααααΆααααααααα½ααααααααααααα ααΎααΈααααΆαα’ααααααΆαα·α
βοΈ ααΎαααΆαααΆααα OPEC ααΆαα₯αααα·αααααΆαααΌα ααααα ααααα ααααααααααα·α αα ?
αα½ααΆααΈααααα’αααααΆα OPEC ααΊαααααΆαααα·αααΆαααααααα αααα»αααΈααααΆααααααα’ααααααΆαα· ααΎααααΈαααααααΆααααΆααααααααα½αααααααααααααα ααααααααααααααααα₯αααααααααΌαααΆαααααααα αα»ααα·ααα·αααααα αααααααΆααααα»αααα αΆαααΆα ααααα»αααΆαααα·ααααα·α ααΎααααΈααααααααΆαααααα»ααΆαα»ααΎααα ααΆααα·ααααααααα ααΆααααααΆαααΉααααααΌα αα·αααααααΎαααα·αααααα ααααα·αααΎααααααΎαααααΆαααα·αααΎαα‘αΎα αααααα·αααααΆααααααααα αααααΆααα·αααα αααα½ααΆαααΆαα αααΎαααααΎααααΆαααααααααΆααΆααα ααΌα ααααααααααααααααΆααααΉαααΆααααα‘αΎαααααααααααΆααα’αααααααΎααααΆααα αααααΆαααααααααααα‘αΎααααα ααααΎα±ααααααααΎαααααΆαααα·α (αααααααΌαααΆααααααΌααα α’αααααααΎααααΆαα) ααΉαα‘αΎααααα αααααΆααα’αααααα’αΆα αααααΆαα±ααααααα αααΆααααα»αααΆαααααα αααααα αααααΆαα±ααααΆαα’αα·ααααΆααααα αα·αα’αΆα ααΆαααααααααααΎαααααααα·α αα αααααα
|English Version|
βοΈ Key takeaway
- OPEC is an intergovernmental organization 13 countries oil-exporting countries that coordinates the petroleum policies of its members.
- OPEC was formed in 1960 to prevent the worldβs largest oil producers from lowering the price of oil.
- Purpose of releasing the OPEC report
- The oil target price
- Goals of OPEC
- The impact of OPEC on the economy and trading
βοΈ Understand aboutβ OPEC
OPEC or Organization of the Petroleum Exporting Countries is an intergovernmental organization of 13 countries oil-exporting countries that coordinate the petroleum policies of its members.
βοΈ Why OPEC was formed?
OPEC was formed in 1960 to prevent the worldβs largest oil producers from lowering the price of oil. So, once one country reduces its oil price, other countries will do so to compete in the international market. This would lead to a depletion of oil reserves at a more rapid rate.
βοΈ When is the OPEC report released?
OPEC released its monthly oil market reports around the middle of each month.
βοΈ Purpose of releasing the OPEC report
Purpose of releasing this report: to provide updates and analysis on the global oil market, including supply and demand dynamics, production levels, and price trends.
βοΈ The oil target price
The target price for oil is currently between $70 and $80 per barrel. If prices drop below those levels then OPEC countries will restrict their supply so prices can push higher.
βοΈ What are the 13 countries? & The top 5 biggest consumers of oil
The 13 countries of OPEC: The Organization of the Petroleum Exporting Countries (OPEC) has 13 members: Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and Venezuela.
The top 5 biggest consumers of oil: The United States of America, the Peopleβs Republic of China, India, Japan, and Russia.
βοΈ Goals of OPEC
OPEC has 3 main goals:
1. Keep oil prices stable:
To keep oil prices stable by coordinating its members’ oil production through quotas.
2. Reduce oil price volatility:
To reduce oil price volatility, in the hope of making the production and supply of oil as profitable as possible for OPEC members
3. Minimize surpluses and shortages:
Adjust the supply of oil to combat surpluses and shortages which in turn can help reduce the volatility of oil prices on international markets.
βοΈ How can the OPEC report affect the economy?
OPECβs role is to stabilize prices in international oil markets to prevent large movements in prices. It plays a part when petrol prices are set around the world. Oil is also needed in the manufacturing of goods to turn raw ingredients into the finished product through transportation and manufacturing costs. If the costs to produce increase, products become more expensive, and this will be passed on to the consumer. Households also use oil for energy so higher oil prices mean higher bills for consumers. As higher oil prices increase the cost of manufacturing (which is passed onto the consumer) and increase the cost of utilities to consumers, this can all cause higher living costs. This, in turn, leads to higher inflation and reduced economic growth.