0 items USD 0.00OPEC
OPEC stands for Organization of Petroleum Exporting Countries. In September 1960, four Persian Gulf nations (Iran, Iraq, Kuwait, and Saudi Arabia) and Venezuela formed OPEC in order to obtain higher prices for crude oil. By 1973, eight other nations (Algeria, Ecuador, Gabon, Indonesia, Libya, Nigeria, Qatar, and the United Arab Emirates) had joined OPEC; Ecuador withdrew at the end of 1992, and Gabon withdrew in 1994.
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OPEC cartel criticized for听overproduction and price cheating by members. At the higher cartel price, less oil is demanded; output quotas are necessary in that each member of OPEC has an incentive to sell more than its quota by cutting听its price because the cost of producing an additional barrel of oil usually is well below the cartel price.
PESTEL Analysis, SWOT Analysis and Risk Analysis of听OPEC
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OPEC听PESTEL Analysis
This report covers听OPEC's PESTEL (political, economic, social, technological, environmental and legal) analysis.
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OPEC听SWOT Analysis
This 91制片厂 report covers SWOT (strengths, weaknesses, opportunities and threats) analysis for听OPEC.
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OPEC听Risk Analysis
This 91制片厂 report covers current and future business risk analysis for听OPEC听along with macroeconomic factor analysis.
| Market Research Report Title | Published | Pages | Price |
|---|---|---|---|
| OPEC RISK Analysis Market Research Report | Apr 21 2018 | 400 | USD 3,500.00 |
| OPEC PESTEL Analysis Market Research Report | Apr 21 2018 | 400 | USD 3,500.00 |
| OPEC SWOT Analysis Market Research Report | Apr 21 2018 | 400 | USD 3,500.00 |
