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Explainer: What is OPEC? - The World Economic Forum
2022年11月11日 · Before OPEC formed, the international oil market was dominated by the “seven sisters” group of multinational energy companies. The group was set up at a time of global change, with “extensive decolonization and the birth of many new independent states in the developing world”, it says.
What’s the future of OPEC? | World Economic Forum
2015年1月14日 · OPEC will continue to meet and hold itself out as a cartel that can control the oil markets, but that time has passed. The cartel was dependent upon Saudi Arabia to use its outsized swing position to control spare capacity in the market. With the Saudis no longer interested in that role, the influence of the cartel is gone.
Organization of the Petroleum Exporting Countries (OPEC)
Founded in 1960, the Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental organization with a mission to coordinate and unify the petroleum policies of member countries and ensure the stabilization of oil prices in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a …
Davos 2025: Special address by US President Donald Trump
2025年1月23日 · And I'm also going to ask Saudi Arabia and OPEC to bring down the cost of oil. You got to bring it down, which frankly, I'm surprised they didn't do before the election. That didn't show a lot of love by them not doing it. I was a little surprised by that.
China’s strategy on critical minerals surpasses geopolitics
2024年11月19日 · China leads in exporting critical minerals but faces supply challenges requiring a balanced approach towards resolution, involving geopolitical tensions.
How does the war in Ukraine affect oil prices?
2022年3月4日 · Two weeks ago when oil prices were approaching $100, Maciej Kolaczkowski, Manager Oil and Gas Industry from the World Economic Forum's Energy, Materials, Infrastructure Platform, explained the impacts on inflation and the key factors determining oil prices, how prices affect the global economy and the implications for the energy transition.
In quotes: How leaders at Davos 2025 view Trump's comeback
2025年1月23日 · Donald Trump's return to the White House has sparked intense discussions at Davos 2025. Leaders are discussing 'cautious optimism' on tariffs, European unity on climate goals, and how technological innovation could help offset potential disruptions.
Why oil prices matter to the global economy - an expert explains ...
2022年2月16日 · Supply has not been able to fully respond to increased demand. OPEC has been scaling up oil production slowly, but it also has limited spare capacity and is probably cautious not to oversupply the market again. Beyond spare capacity, oil production has very long investment cycles.
This is what climate change costs economies around the world
2023年11月29日 · “Our only ask is that you come with solutions, and real actions,” Majid Al Suwaidi, Director-General and Special Representative of the United Nations Climate Change Conference (COP28), Office of the Special Envoy for Climate Change of the UAE, told the Forum in a panel session.
'Rebuilding Trust': Geopolitics, conflict and diplomacy at Davos 2025
2025年1月20日 · 'Rebuilding Trust' is one of the key themes that covers geopolitics, conflict and diplomacy, at the World Economic Forum's Annual Meeting 2025 in Davos. Here's what to know.