OPEC cartel, the - Übersetzung nach Englisch
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OPEC cartel, the - Übersetzung nach Englisch

INTERNATIONAL ORGANIZATION OF PETROLEUM-EXPORTING COUNTRIES
Organisation of the Petroleum Exporting Countries; Organization of Petroleum Exporting Countries; Opec; Organization of Petroleum-Exporting Countries; Flag of the Organization of Petroleum Exporting Countries; OPEP; OPEC Cartel; Organization of petroleum exporting countries; Opec cartel; OPEC oil price shock; Organization of the Petroleum Exporting Countries; Member states of OPEC; Energy in the OPEC countries; OPEC Plus; OPEC+; List of OPEC members
  • OPEC Conference delegates at [[Swissotel]], [[Quito]], [[Ecuador]], December 2010
  • date=11 October 2022}}</ref>
  • Fluctuations of Brent crude oil price, 1988–2015<ref name=Brent/>
  • Countries by oil production (2013)
  • reason=Brent shown as sweeter than WTI, yet most sources claim the opposite. That and other claims in image probably need checking and sourcing. Example: http://www.petroleum.co.uk/benchmarks}}
  • Gusher well in Saudi Arabia: conventional source of OPEC production
  • Shale "fracking" in the US: important new challenge to OPEC market share
  • An undersupplied US gasoline station, closed during the oil embargo in 1973
  • JODI]], in which OPEC is a founding member
  • url-status=live }}</ref>
  • OPEC members' net oil export revenues, 2000–2020
  • Countries by net oil exports (2008)
  • archive-date=7 January 2008 }}</ref><ref name=EIA2015/>
  • OPEC headquarters in Vienna (2009 building)
  • A woman uses wood in a fireplace for heat. A newspaper headline in the foreground shows a story regarding a lack of heating oil in the community.

OPEC cartel, the      
= cartel de la OPEC, el
Ex: What I think the president ought to do is get on the phone with the OPEC cartel and say we expect you to open your spigots.
cartel         
  • The printing equipment company [[American Type Founders]] (ATF) explicitly states in its 1923 manual that its goal is to "discourage unhealthy competition" in the printing industry.
  • Graph showing the decline in formation and discoveries of cartels in the US following the introduction of leniency programmes in 1993.  Following the introduction, cartel formations and discoveries decreased to all time lows.
MUTUALLY BENEFICIAL COLLUSION AMONG COMPETING CORPORATIONS
Cartels; Cartelizes; Restrictive trade practice
(n.) = cártel, coalición
Ex: Such alliances, however, may eventually lead to monopoly or oligopoly in a region and cartel over the world.
----
* OPEC cartel, the = cartel de la OPEC, el
cártel         
PÁGINA DE DESAMBIGUACIÓN DE WIKIMEDIA
Cártel; Cartel (desambiguacion)
cartel

Definition

cártel
cartel2 o cártel (del al. "Kartell") m. Econ. Asociación de varias entidades, financieras, industriales o políticas, para conseguir un objetivo común. Econ. Particularmente, convenio entre varias empresas industriales para evitar la competencia, regular la producción y los precios, realizar compras y ventas recíprocas, etc. Acuerdo entre agrupaciones profesionales, políticas, etc., para una acción común: "El cartel de derechas". Agrupación de traficantes, particularmente de droga, que pretende controlar el mercado.

Wikipedia

OPEC

The Organization of the Petroleum Exporting Countries (OPEC, OH-pek) is an organization enabling the co-operation of leading oil-producing countries, in order to collectively influence the global market and maximize profit. Founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), it has, since 1965, been headquartered in Vienna, Austria, although Austria is not an OPEC member state. As of September 2018, the 13 member countries accounted for an estimated 44 percent of global oil production and 81.5 percent of the world's proven oil reserves, giving OPEC a major influence on global oil prices that were previously determined by the so-called "Seven Sisters" grouping of multinational oil companies.

The formation of OPEC marked a turning point toward national sovereignty over natural resources, and OPEC decisions have come to play a prominent role in the global oil market and international relations. The effect can be particularly strong when wars or civil disorders lead to extended interruptions in supply. In the 1970s, restrictions in oil production led to a dramatic rise in oil prices and in the revenue and wealth of OPEC, with long-lasting and far-reaching consequences for the global economy. In the 1980s, OPEC began setting production targets for its member nations; generally, when the targets are reduced, oil prices increase. This has occurred most recently from the organization's 2008 and 2016 decisions to trim oversupply.

Economists have characterized OPEC as a textbook example of a cartel that cooperates to reduce market competition, but one whose consultations are protected by the doctrine of state immunity under international law. In the 1960s and 1970s, OPEC successfully restructured the global oil production system so that decision-making authority and the vast majority of profits is in the hands of oil-producing countries. Since the 1980s, OPEC has had a limited impact on world oil supply and price stability, as there is frequent cheating by members on their commitments to one another, and as member commitments reflect what they would do even in the absence of OPEC.

Current OPEC members are Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, the Republic of the Congo, Saudi Arabia, the United Arab Emirates and Venezuela. Meanwhile, Ecuador, Indonesia and Qatar are former OPEC members. A larger group called OPEC+ was formed in late 2016 to have more control on the global crude oil market.