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OPEC Kartell - translation to german

WEIGHTED AVERAGE OF PRICES FOR PETROLEUM BLENDS PRODUCED BY OPEC MEMBERS

OPEC basket

OPEC Kartell

the OPEC cartel, International organization of countries that produce oil

the OPEC cartel

das OPEC-Kartell (internationale Vereinigung der ölfördernden Staaten)

oil supply

WIKIMEDIA LIST ARTICLE

List of oil-producing states; Oil supply; Chart of exports and production of oil by nation; List of oil exporting nations; List of Oil Exporting Nations not in OPEC; List of Oil Trading Nations; Oil producing nations; Oil producing countries; World oil production; World Oil; Oil producer; Petro-state; Global oil supply; List of countries by oil extraction; American oil production

Öllieferung

Definition

OPEC

OPEC is an organization of countries that produce oil. It tries to develop a common policy and system of prices. OPEC is an abbreviation for 'Organization of Petroleum-Exporting Countries'.

Each member of OPEC would seek to maximize its own production.

N-PROPER

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Wikipedia

OPEC Reference Basket

The OPEC Reference Basket (ORB), also referred to as the OPEC Basket, is a weighted average of prices for petroleum blends produced by OPEC members. It is used as an important benchmark for crude oil prices. OPEC has often attempted to keep the price of the OPEC Basket between upper and lower limits, by increasing and decreasing production. This makes the measure important for market analysts. The OPEC Basket, including a mix of light and heavy crude oil products, is heavier than both Brent crude oil, and West Texas Intermediate crude oil.

Since January 1, 2017, the OPEC reference basket consists of a weighted average of the following crudes:

Saharan Blend (from Algeria)
Girassol (from Angola)
Oriente (from Ecuador)
Rabi Light (from Gabon)
Iran Heavy (from Iran)
Basra Light (from Iraq)
Kuwait Export (from Kuwait)
Es Sider (from Libya)
Bonny Light (from Nigeria)
Qatar Marine (from Qatar)
Arab Light (from Saudi Arabia)
Murban (from UAE)
Merey (from Venezuela)

https://en.wikipedia.org/wiki/OPEC Reference Basket

Examples of use of OPEC Kartell

1. Das Land ist zwar nach Saudi–Arabien der zweitwichtigste Ölexporteur im Opec–Kartell.