https://www.rozen-bakher.com/alliances/opec

Latest Update: 01 August 2024

Monitoring Alliances by Dr. Ziva Rozen-Bakher

Monitoring Military, Political, Economic and Trade Alliances that Have an Impact on Global Order and Geopolitics

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• Risks Timeline by Dr. Ziva Rozen-Bakher: Comments on Contemporary Risks.

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• Monitoring Risks by Dr. Ziva Rozen-Bakher to Analyse in-Depth Security & Political Risks and Economic & Strategic Risks

  Monitoring Risks by Dr. Ziva Rozen-Bakher: https://www.rozen-bakher.com/monitoring-risks-1

• Monitoring Alliances by Dr. Ziva Rozen-Bakher: Monitoring Military, Political, Economic and Trade Alliances that Have an Impact on Global Order and Geopolitics

  Monitoring Alliances by Dr. Ziva Rozen-Bakher: https://www.rozen-bakher.com/monitoring-alliances

• Global Survival Rank by Dr. Ziva Rozen-Bakher: Yearly Rank to Compare the Global Political Power among Countries, Alliances and Coalitions to Survive Long Wars at the Military Level, Economic Level, and Political Level Global Survival Rank by Dr. Ziva Rozen-Bakher https://www.rozen-bakher.com/global-survival-rank-zrb

• Global Risks by Dr. Rozen-Bakher: Stimulating Thinking ‘Out of the Box’ on Ongoing Global Problems that Have no Clear Solutions

  Global Risks by Dr. Ziva Rozen-Bakher: https://www.rozen-bakher.com/global-risks

• Blog on Foreign Direct Investment (FDI) and International Trade by Dr. Ziva Rozen-Bakher to Identify Risks versus Opportunities at the Country Level

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For the Differences Between Military Defence Treaty versus Military Support Treaty versus Military Cooperation, Please see Section B2. in 2024 Global Survival Rank by Dr. Ziva Rozen-Bakher https://www.rozen-bakher.com/global-survival-rank-zrb/2024

OPEC - Organization of the Petroleum Exporting Countries

Organization of the Petroleum Exporting Countries (OPEC) is a Political Economic Alliance that focuses on the Arrangements of the Oil Market by controlling the Oil Production and the Oil Export among Countries that have Significant Proved-Reserves of Oil and GAS. OPEC includes the Funders Members and the Full members that established OPEC, while OPEC+ includes the countries that joined voluntarily the mechanism of OPEC in 2016 to protect the interests of the Oil Market. The Embargo on Oil that OPEC imposed on Israel's Allies following the Yom-Kippur War (1973) is a good example of the Economic Power of OPEC during long wars.

Official Website of OPEC https://www.opec.org/opec_web/en/

OPEC - Membership

From 2024 Global Survival Rank by Dr. Ziva Rozen-Bakher

2024 Global Survival Rank by Dr. Ziva Rozen-Bakher https://www.rozen-bakher.com/global-survival-rank-zrb/2024

Section E31. Organization of the Petroleum Exporting Countries (OPEC) https://www.rozen-bakher.com/gsr/2024/e/31

List of Contents - E31. Organization of the Petroleum Exporting Countries (OPEC)

• E31.1 Members of OPEC

• E31.2 Members of OPEC+

• E31.3 Members of OPEC and OPEC+

• E31.4 Current Observer States of OPEC

• E31.5 Members of OPEC, Members of OPEC+ and Current Observer States

From Newspapers

• OPEC Secretariat receives compensation plans from Iraq, Kazakhstan, and Russian Federation

• OPEC Sticks to 2024 Oil Demand View, Sees Strong Travel Season

• What Opec’s next big goal should be

• Kazakhstan Submits Compensation Plans for Excess Oil Production to OPEC

• OPEC sticks to prediction of 2.25 million barrels per day

• OPEC, IEA Again Forecast Different Oil Demand Growth

• OPEC+ not expected to change supply levels after market and price stabilisation

• Oil: Has Senegal really joined OPEC?

• Saudi Arabia : Riyadh hardens tone against IEA as analysts predict weakened OPEC role - 26/06/2024

• Azerbaijan Backs OPEC Plus Extension, Maintains 2025 Oil Production Quota

• OPEC daily crude output falls by 0.3% in June

• Republic of Congo Participates in Historic OPEC Meeting, Production Cuts Extended into 2025

• OPEC heavyweights are cheating on their targets

• OPEC Plans a Gradual Unwinding of Production Cuts

• OPEC+ agrees to extend output cuts to buttress oil prices

• What is OPEC and how does it affect oil prices?

• Iraq slashes production under OPEC-plus pressure

• Opec-Plus Likely to Roll Over Cuts Amid Uncertainty

• Opec collusion claim sends tremor through US shale oil patch

• Oil Petroleum Exporting Countries (OPEC) Champions Africa and South-South Cooperation at Invest in African Energy

• OPEC+ could extend oil cuts, formal talks yet to start, sources say

• American oil tycoon accused of trying to conspire with OPEC to inflate prices

• Angola's decision to quit OPEC raises concerns over group's market management

• OPEC Committee Welcomes Kazakhstan’s Pledge to Compensate for Overproduction

• Will Angola gain from leaving production-restricting OPEC?

• Angola quits Opec after clashes with Saudi Arabia

• 'Stunned': OPEC urges members to block action on fossil fuels at COP28

From Scientific Literature - Research Papers and Research Books

• OPEC and non-OPEC production, global demand, and the financialization of oil Razek, N. H., & Michieka, N. M. (2019). OPEC and non-OPEC production, global demand, and the financialization of oil. Research in International Business and Finance, 50, 201-225.

• OPEC at 60: The world with and without OPEC Economou, A., & Fattouh, B. (2021). OPEC at 60: The world with and without OPEC. OPEC Energy Review, 45(1), 3-28.

• A dynamic network analysis of the world oil market: Analysis of OPEC and non-OPEC members Al Rousan, S., Sbia, R., & Tas, B. K. O. (2018). A dynamic network analysis of the world oil market: Analysis of OPEC and non-OPEC members. Energy Economics, 75, 28-41.

• The influence of OPEC+ on oil prices: a quantitative assessment Quint, D., & Venditti, F. (2023). The influence of OPEC+ on oil prices: a quantitative assessment. The Energy Journal, 44(5), 173-186.

• The Effectiveness of OPEC and Opec+ from 2009 to 2023: An Empirical Appraisal Montant, G. (2024). The Effectiveness of OPEC and Opec+ from 2009 to 2023: An Empirical Appraisal. Available at SSRN 4700404.

• Oil market cyclical shocks and fiscal stance in OPEC+ Sohag, K., Kalina, I., & Samargandi, N. (2024). Oil market cyclical shocks and fiscal stance in OPEC+. Energy, 296, 130949.

• Tariff and non-tariff instruments of OPEC+ trade wars Zhang, Y., Hajiyev, N., & Smirnov, V. (2021). Tariff and non-tariff instruments of OPEC+ trade wars. Energy Strategy Reviews, 38, 100771.

• The Organization of the Petroleum Exporting Countries Wagner, H. L. (2009). The Organization of the Petroleum Exporting Countries. Infobase Publishing.

• From oil reliance to financial resilience: have economic sanctions made OPEC countries' healthcare financing independent from oil? Al Mustanyir, S. (2024). From oil reliance to financial resilience: have economic sanctions made OPEC countries’ healthcare financing independent from oil?. Cogent Business & Management, 11(1), 2331281.

• The impact of Iran's economic sanctions on Iran and OPEC countries's crude oil trade: application of the generalized gravity model Karimpour, S., Ghasemi, A., & Mohamadi, T. (2020). The impact of Iran's economic sanctions on Iran and OPEC countries's crude oil trade: application of the generalized gravity model. Iranian Energy Economics, 9(34), 143-172.

• Determinants of International Reserves Among Organisation of Petroleum Exporting Countries (OPEC) Bada, O. T., Adetiloye, K. A., Olokoyo, F. O., & Ukporhe, G. (2022). Determinants of International Reserves Among Organisation of Petroleum Exporting Countries (OPEC). Comparative Economic Research. Central and Eastern Europe, 25(3), 111-133.

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