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OPEC OPEC (Organization of the Petroleum Exporting Countries) is a group of 13 major oil-exporting nations, including Saudi Arabia, Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, the United Arab Emirates, Venezuela and Indonesia. The mission of the organization is to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry. OPEC works to ensure the stability of global oil prices and promote the development of economic and social projects in member countries. OPEC also works to reduce global dependence on oil and promote the use of alternative energy sources.
The OPEC+ group is firmly back in control of the oil market and has the power to have it extremely tight in the second half of the year should it choose to do so, industry executives and hedge fund managers say. The market is growing increasingly ...
The Biden administration has announced the reinstatement of oil sanctions on Venezuela, citing President Nicolas Maduro's efforts to solidify his power. This move comes just six months after the U.S. had eased restrictions in hopes of promoting democratic reforms in the OPEC nation. A senior U.S. official revealed that American companies operating in Venezuela will have 45 days to wrap up their operations to prevent disruptions in global energy markets.
Are you starting to notice more hair on your comb than usual? You are not alone. Male pattern baldness, also known as androgenetic alopecia, affects millions of men worldwide. It’s genetic condition that’s influenced by hormones and can significantly impact selfesteem. This guide delves deep into the causes and to be had remedies, presenting you […]