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OPEC

The Organization of the Petroleum Exporting Countries (OPEC /ˈoʊpɛk/ OH-pek) is an intergovernmental cartel enabling the co-operation of leading oil-producing and oil-dependent countries in order to collectively influence the global oil market and maximize profit. It was founded on 14 September 1960 in Baghdad by the first five members: Iran, Iraq…

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Headquarters
Vienna, Austria
Establishment
Baghdad, Iraq
Membership
Algeria · Republic of the Congo · Equatorial Guinea · Gabon · Iran
Official languages
English
Type
Intergovernmental organization, Cartel
• In effect
January 1961 (65 years ago) (January 1961)

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Overview

Organization and structure

History and impact

Membership

Market information

Advanced semantic analysis

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Map overview Semantic statistics

OPEC

Nodes232
Edges231
Triples520
Avg. degree1.99
Density0.008621
Components1

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OPEC

Top relations

related to 1960–1975: Founding and expansion · 30
OPEC → Abd, Arab, At, Austria, Baghdad, Baghdad Conference, Beirut, Despite, Geneva, Government, Iran, Iraq, Iraqi, Karim Qasim, Kuwait, MOCs, On, Organization, Petroleum Export Countries, Pérez Alfonzo
related to Crude oil benchmarks · 30
OPEC → Algeria, Angola, Arab Light, Basra Light, Benchmarks, Bonny Light, Congo, Crudes, Djeno, Es Sider, Gabon, Girassol, Iran, Iran Heavy, Iraq, Islamic Republic, It, Kuwait, Kuwait Export, Libya
related to 1975: Hostage siege · 27
OPEC → Additional, Algerian, Algiers, All, Amuzegar, Arab, Arab Revolution, Arm, Austria, Baghdad, Boumédienne, Carlos, December, Gabriele Kröcher-Tiedemann, Hans-Joachim Klein, Houari Boumédiène, Iran's Jamshid Amuzegar, Jackal, On, Palestine
related to 2021–2023: Global energy crisis · 26
OPEC → Asia, China, COVID-19, Energy Secretary Jennifer Granholm, EU, Europe, February, In August, India, Jake Sullivan, More Russian, Northwest Europe, October, On, President Joe Biden, President Joe Biden's, Russia's, Russian, Salman, Saudi Arabia
related to 1973–1974: Oil embargo · 24
OPEC → Algeria, Arab, Arab Petroleum Exporting Countries, Egypt, In, In October, Iraq, Israel, Libya, Nigeria, OAPEC, One, Organization, Saudi Arabia, Six-Day War, Syria, The, This, UK, United States
related to 1990–2003: Ample supply and modest disruptions · 23
OPEC → Al Qaeda, August, But, December, Ecuador, Gabon, In, Invasion, Iran, Iraq, Iraq War, Iraqi, Iraqi President Saddam Hussein, January, July, Kuwait, Leading, March, October, Saudi Arabia
Membership · 22
OPEC → Algeria, Azerbaijan, Bahrain, Brazil, Brunei, Equatorial Guinea, Gabon, Iran, Iraq, Kazakhstan, Kuwait, Libya, Malaysia, Mexico, Nigeria, Oman, Republic of the Congo, Russia, Saudi Arabia, South Sudan
related to 2020: Saudi-Russian price war · 21
OPEC → America's, American, Another, April, Brent, COVID-19, GDP, In, It's, March, Russia, Russia's, Russian, Saudi Arabia, Saudi-Russian, Saudis, Several, The, This, To Russia
related to 2022: Oil production cut · 21
OPEC → Council, Democratic, In, In October, John Kirby, Moscow, Robert Menendez, Russia, Russian, Russo-Ukrainian War, Saudi, Saudi Arabia, Saudi Arabia's, Senate Foreign Relations Committee, Ukraine, UN, United States, United States National Security, US, US President Joe Biden
related to Conflicts · 20
OPEC → Although, American, Arab Spring, Embargo, Internationally, Iran, Iranian Revolution, Iraq, Iraq War, Iraqi, Kuwait, Libyan, Middle East, Niger Delta, OPEC's, Over, Palestinian, September, Six-Day War, Yom Kippur War

Important terminology Word statistics

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Important terminology

oil production saudi members prices countries market arabia global us russia energy price member would cuts organization world arab economic

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
OPECEstablishmentBaghdad, Iraq1.00infobox
OPECHeadquartersVienna, Austria1.00infobox
OPECMembershipAlgeria1.00infobox
OPECMembershipRepublic of the Congo1.00infobox
OPECMembershipEquatorial Guinea1.00infobox
OPECMembershipGabon1.00infobox
OPECMembershipIran1.00infobox
OPECMembershipIraq1.00infobox
OPECMembershipKuwait1.00infobox
OPECMembershipLibya1.00infobox
OPECMembershipNigeria1.00infobox
OPECMembershipSaudi Arabia1.00infobox
OPECMembershipVenezuela1.00infobox
OPECMembershipAzerbaijan1.00infobox
OPECMembershipBahrain1.00infobox
OPECMembershipBrazil1.00infobox
OPECMembershipBrunei1.00infobox
OPECMembershipKazakhstan1.00infobox
OPECMembershipMalaysia1.00infobox
OPECMembershipMexico1.00infobox
OPECMembershipOman1.00infobox
OPECMembershipRussia1.00infobox
OPECMembershipSouth Sudan1.00infobox
OPECMembershipSudan1.00infobox
OPECOfficial languagesEnglish1.00infobox
OPECTypeIntergovernmental organization, Cartel1.00infobox
OPEC• In effectJanuary 1961 (65 years ago) (January 1961)1.00infobox
OPEC• Secretary GeneralHaitham al-Ghais1.00infobox
OPEC• Statute14 September 1960 (65 years ago) (14 September 1960)1.00infobox
OPECis acartel0.90text

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