- published: 26 Nov 2014
- views: 18201
Organization of the Petroleum Exporting Countries (OPEC, /ˈoʊpɛk/ OH-pek) is an intergovernmental organization of 13 petroleum-exporting nations, founded in 1960 by the first five members, and headquartered since 1965 in Vienna, Austria. The 13 countries account for 40% of global oil production and 73% of the world's "proven" oil reserves, making OPEC a major influence on global oil prices.
OPEC's stated mission 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." As of 2016, OPEC's members are Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia (the de facto leader), United Arab Emirates, and Venezuela. Two-thirds of OPEC's oil production and reserves are in its six Middle Eastern countries that surround the oil-rich Persian Gulf.
Saudi Arabia (i/ˌsɔːdiː əˈreɪbiə/, i/ˌsaʊ-/), officially known as the Kingdom of Saudi Arabia (KSA), is an Arab state in Western Asia constituting the bulk of the Arabian Peninsula. With a land area of approximately 2,150,000 km2 (830,000 sq mi), Saudi Arabia is geographically the second-largest state in the Arab world after Algeria. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south. It is the only nation with both a Red Sea coast and a Persian Gulf coast, and most of its terrain consists of arid inhospitable desert or barren landforms.
The area of modern-day Saudi Arabia formerly consisted of four distinct regions: Hejaz, Najd, and parts of Eastern Arabia (Al-Ahsa) and Southern Arabia ('Asir). The Kingdom of Saudi Arabia was founded in 1932 by Ibn Saud. He united the four regions into a single state through a series of conquests beginning in 1902 with the capture of Riyadh, the ancestral home of his family, the House of Saud. The country has since been an absolute monarchy, effectively a hereditary dictatorship governed along Islamic lines. The ultra-conservative Wahhabism religious movement within Sunni Islam has been called "the predominant feature of Saudi culture", with its global spreading largely financed by the oil and gas trade. Saudi Arabia is sometimes called "the Land of the Two Holy Mosques" in reference to Al-Masjid al-Haram (in Mecca), and Al-Masjid an-Nabawi (in Medina), the two holiest places in Islam. The Kingdom has a total population of 28.7 million, of which 20 million are Saudi nationals and 8 million are foreigners.
The Keystone Pipeline System is an oil pipeline system in Canada and the United States, commissioned in 2010. It runs from the Western Canadian Sedimentary Basin in Alberta to refineries in Illinois and Texas, and also to oil tank farms and an oil pipeline distribution center in Cushing, Oklahoma.
Three phases of the project are in operation. They are:
Scott Cooper may refer to:
Counting the Cost, or in the NIV: The Cost of Being a Disciple or in the NRSV: The Cost of Discipleship or in the NKJV: Leaving All to Follow Christ, are titles given to the Gospel of Luke passage 14:25-33 which includes a pair of parables told by Jesus. The first title comes from the phrase "count the cost", which occurs in the King James Version of the passage, as well as some other versions.
The two parables are as follows:
Joel B. Green suggests that it is unclear what kind of tower is being referred to in the first parable, but notes that the message is that a "thoroughgoing fidelity to God's salvific aim" is required, "manifest in one's identity as a disciple of Jesus." This involves putting family and possessions second, as in Matthew 8:18-22 and Luke 9:57-62.
Actors: Peter Schickele (writer), Peter Schickele (composer), Michael Montel (miscellaneous crew), Bruce Ford (actor), LeRoy Lehr (actor), Michael Burt (actor), Lisbeth Lloyd (actress), Stephen Schmidt (producer), Kaye S. Lavine (miscellaneous crew), Dana Krueger (actress), John Ferrante (actor), Will Roy (actor), Jack Walsh (actor), Marilyn Brustadt (actress),
Plot: Based on several of Mozart's most famous Operas including The Marriage of Figaro, Don Giovanni, Cosi Fan Tutti and making fun of everything from Star Wars to the Maltese Falcon this is an Opera only PDQ Bach could have written.
Keywords: opera, opera-parodyWhat is OPEC and who are the OPEC Members? CNBC's Phil Han takes an in-depth look Subscribe to CNBC International: http://bit.ly/1eiWsDq Like us on CNBC's Facebook page https://www.facebook.com/cnbc Follow us on CNBC's Twitter accounts https://twitter.com/CNBCWorld https://twitter.com/CNBC
Learn more at http://www.energyflownetwork.com/ Let the conversation flow and follow us on: Twitter: https://twitter.com/energyflowtv Facebook: https://www.facebook.com/EnergyFlowTV/ Instagram: https://www.instagram.com/energyflowtv/?hl=en
OPEC member nations have agreed to cut oil production, but how will the deal affect the global economy?
Price Futures Group analyst Phil Flynn discusses why OPEC may have to do more than extend its production cuts and the importance of oil rigs.
Not sure what OPEC is? You're not alone. Here's everything you need to know about the Organization of Petroleum Exporting Countries (OPEC).
Oil has been a hot topic ahead of the OPECmeeting on May 25. For the past six months there has been a production cut in place, with compliance from member states proving very positive at around 90 percent. Saudi Arabia and Russia have both stated their desire for global producers to continue with the cuts through to 2018. But seasonal factors that helped to boost compliance in the first half of this year are fading away as the season for the highest demand is upon the industry. OPEC is struggling to maintain its dominance over US shale producers, whilst Iranian production remains a grey area as the elections wrap. Can the world's top producers prevent another collapse in the price of crude? Richard Mallinson, energy analyst and partner at Energy Aspects, is optimistic about the conti...
May.20 -- Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al-Falih discusses OPEC, crude output cuts and global oil inventories. He speaks with Bloomberg’s Francine Lacqua at the Saudi-U.S. CEO Forum in Riyadh, Saudi Arabia.
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to cut supply by 1.2 million barrels per day to 32.5 million barrels, the head of the organization announced. RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday Like us on Facebook http://www.facebook.com/RTnews Follow us on Twitter http://twitter.com/RT_com Follow us on Instagram http://instagram.com/rt Follow us on Google+ http://plus.google.com/+RT Listen to us on Soundcloud: https://soundcloud.com/rttv RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.
Im Dezember 1975 überfällt ein internationales Terrorkommando unter Führung des Terroristen „Carlos“ das OPEC-Jahrestreffen in Wien und nimmt elf Erdölminister der OPEC-Mitgliedsstaaten als Geisel. Sie werden mit einem österreichischen Flugzeug quer die arabischen Welt geflogen. Drei Menschen werden bei der Geiselnahme erschossen. Zwei Deutsche sind von der palästinensischen Terrorgruppe PFLP-SC für den Überfall angeworben worden: Hans-Joachim Klein und Gabriele Tiedemann, genannt „Nada“. Das Zeitalter des internationalen Terrors beginnt mit dieser Operation. Die Dokumentation belegt, dass der libysche Diktator Muammar al-Gaddafi die Geiselnahme in Auftrag gegeben hat: er wollte sich an dem mächtigen Ölminister Sheikh Yamani rächen, der höheren Erdölpreise in der Vergangenheit verhindert ...
In this sedition we look at the economic clusterfuck enveloping the globe, the mega drop in oil prices and the political party that has the left screaming like Justin Beaver fans.
Andrew Scott Cooper visited the Gerald R. Ford Library in Ann Arbor, Michigan to discuss his published work on how in the 1970's Ford Administration, U.S.A. and Middle East relations changed the course of oil consumption and production for decades to come. Cooper is the author of "The Oil Kings: How the U.S., Iran, and Saudi Arabia Changed the Balance of Power in the Middle East". The decision by President Ford altered the power in the Middle East and changed the course of economic history for the world. From 1969 to 1977, America went from being the world's largest producer of oil, to the world's largest importer of oil. During this period, OPEC dominated oil imports to America, and thus its price. To combat OPEC, America worked with The Shah of Iran for oil. Iran's gamble on an oil ec...
The Keystone XL pipeline proposal is one of the most controversial energy issues facing America today. If approved by the Obama administration, it would transport crude oil extracted from Canada's oil sands across six U.S. states to refineries in Texas. Supporters say the project would provide a secure source of energy and jobs, but opponents say oil-sands crude is a "dirty" fuel that will hurt the environment and worsen global warming. This week, energyNOW! looks into the Keystone XL controversy: is it an economic boon, or an environmental disaster? Keystone XL's Impact on America The Keystone XL pipeline proposal has roiled America's energy industry and environmental community. On the one hand, it could reduce U.S. dependence on oil imports from OPEC nations, but on the other hand, it...
What is OPEC and who are the OPEC Members? CNBC's Phil Han takes an in-depth look Subscribe to CNBC International: http://bit.ly/1eiWsDq Like us on CNBC's Facebook page https://www.facebook.com/cnbc Follow us on CNBC's Twitter accounts https://twitter.com/CNBCWorld https://twitter.com/CNBC
Learn more at http://www.energyflownetwork.com/ Let the conversation flow and follow us on: Twitter: https://twitter.com/energyflowtv Facebook: https://www.facebook.com/EnergyFlowTV/ Instagram: https://www.instagram.com/energyflowtv/?hl=en
OPEC member nations have agreed to cut oil production, but how will the deal affect the global economy?
Price Futures Group analyst Phil Flynn discusses why OPEC may have to do more than extend its production cuts and the importance of oil rigs.
Not sure what OPEC is? You're not alone. Here's everything you need to know about the Organization of Petroleum Exporting Countries (OPEC).
Oil has been a hot topic ahead of the OPECmeeting on May 25. For the past six months there has been a production cut in place, with compliance from member states proving very positive at around 90 percent. Saudi Arabia and Russia have both stated their desire for global producers to continue with the cuts through to 2018. But seasonal factors that helped to boost compliance in the first half of this year are fading away as the season for the highest demand is upon the industry. OPEC is struggling to maintain its dominance over US shale producers, whilst Iranian production remains a grey area as the elections wrap. Can the world's top producers prevent another collapse in the price of crude? Richard Mallinson, energy analyst and partner at Energy Aspects, is optimistic about the conti...
May.20 -- Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al-Falih discusses OPEC, crude output cuts and global oil inventories. He speaks with Bloomberg’s Francine Lacqua at the Saudi-U.S. CEO Forum in Riyadh, Saudi Arabia.
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to cut supply by 1.2 million barrels per day to 32.5 million barrels, the head of the organization announced. RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday Like us on Facebook http://www.facebook.com/RTnews Follow us on Twitter http://twitter.com/RT_com Follow us on Instagram http://instagram.com/rt Follow us on Google+ http://plus.google.com/+RT Listen to us on Soundcloud: https://soundcloud.com/rttv RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.
Im Dezember 1975 überfällt ein internationales Terrorkommando unter Führung des Terroristen „Carlos“ das OPEC-Jahrestreffen in Wien und nimmt elf Erdölminister der OPEC-Mitgliedsstaaten als Geisel. Sie werden mit einem österreichischen Flugzeug quer die arabischen Welt geflogen. Drei Menschen werden bei der Geiselnahme erschossen. Zwei Deutsche sind von der palästinensischen Terrorgruppe PFLP-SC für den Überfall angeworben worden: Hans-Joachim Klein und Gabriele Tiedemann, genannt „Nada“. Das Zeitalter des internationalen Terrors beginnt mit dieser Operation. Die Dokumentation belegt, dass der libysche Diktator Muammar al-Gaddafi die Geiselnahme in Auftrag gegeben hat: er wollte sich an dem mächtigen Ölminister Sheikh Yamani rächen, der höheren Erdölpreise in der Vergangenheit verhindert ...
In this sedition we look at the economic clusterfuck enveloping the globe, the mega drop in oil prices and the political party that has the left screaming like Justin Beaver fans.
Andrew Scott Cooper visited the Gerald R. Ford Library in Ann Arbor, Michigan to discuss his published work on how in the 1970's Ford Administration, U.S.A. and Middle East relations changed the course of oil consumption and production for decades to come. Cooper is the author of "The Oil Kings: How the U.S., Iran, and Saudi Arabia Changed the Balance of Power in the Middle East". The decision by President Ford altered the power in the Middle East and changed the course of economic history for the world. From 1969 to 1977, America went from being the world's largest producer of oil, to the world's largest importer of oil. During this period, OPEC dominated oil imports to America, and thus its price. To combat OPEC, America worked with The Shah of Iran for oil. Iran's gamble on an oil ec...
The Keystone XL pipeline proposal is one of the most controversial energy issues facing America today. If approved by the Obama administration, it would transport crude oil extracted from Canada's oil sands across six U.S. states to refineries in Texas. Supporters say the project would provide a secure source of energy and jobs, but opponents say oil-sands crude is a "dirty" fuel that will hurt the environment and worsen global warming. This week, energyNOW! looks into the Keystone XL controversy: is it an economic boon, or an environmental disaster? Keystone XL's Impact on America The Keystone XL pipeline proposal has roiled America's energy industry and environmental community. On the one hand, it could reduce U.S. dependence on oil imports from OPEC nations, but on the other hand, it...
Ministerial walk In of the 169 meeting of the OPEC Conference
LA MAS BELLA HISTORIA
QUE SE PUEDE CONTAR
LLEVA ESCRITO EL DOLOR
QUE PROVOCA UN AMOR
QUE NADIE ENTENDERÁ
SIEMPRE TODO A ESCONDIDAS
SIEMPRE MIRANDO ATRÁS
SÓLO LA OSCURIDAD
PUEDE SER NUESTRO HOGAR
DONDE CRECERÁ ESTE AMOR
Y NO... NO QUIERO MAS CLASES DE FALSA MORAL
QUE NADIE ES CULPABLE POR AMAR
EN MI PECHO NO LATE LA RAZÓN
SÓLO EL MAS SINCERO Y PURO AMOR
NO HAY MAR EN EL MUNDO
NI FUERZA CAPAZ
QUE PUEDA ESTE FUEGO APAGAR
SÓLO EL TIEMPO PUEDE SER NUESTRO JUEZ
TE QUISE, QUIERO Y QUERRÉ
QUE DIFÍCIL LO NUESTRO
QUE BONITO A LA VEZ
ES TAN DURO TENER
QUE BUSCAR LOS PORQUES
A ESTA SITUACIÓN
NUESTRO AMOR ES LA ISLA
EL TESORO ERES TÚ... OH DIOS
CON MI VIDA DARÉ
SÓLO EL BRAZO A TORCER
BIEN LO SABES, MI AMOR
NO... NO QUIERO MAS CLASES DE FALSA MORAL
QUE NADIE ES CULPABLE POR AMAR
EN MI PECHO NO LATE LA RAZÓN
SÓLO EL MAS SINCERO Y PURO AMOR
NO HAY MAR EN EL MUNDO
NI FUERZA CAPAZ
QUE PUEDA ESTE FUEGO APAGAR
SÓLO EL TIEMPO PUEDE SER NUESTRO JUEZ
TE QUISE, QUIERO Y QUERRÉ
NO... NO QUIERO MAS CLASES DE FALSA MORAL
QUE NADIE ES CULPABLE POR AMAR
EN MI PECHO NO LATE LA RAZÓN
SÓLO EL MAS SINCERO Y PURO AMOR
NO HAY MAR EN EL MUNDO
NI FUERZA CAPAZ
QUE PUEDA ESTE FUEGO APAGAR
SÓLO EL TIEMPO PUEDE SER NUESTRO JUEZ
TE QUISE, QUIERO Y QUERRÉ