Organization of Petroleum Exporting Countries

The Organization of the Petroleum Exporting Countries's (OPEC) objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry.

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    • Oil Supply and Demand Outlook by OPEC
      octobre 2023
      Source : Organization of Petroleum Exporting Countries
      Téléchargé par : Knoema
      Accès le : 05 novembre, 2023
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      Data cited at: OPEC-https: //woo.opec.org/chapter.php? ChapterNr = 200 Users may include the Material in internal reports, and for educational and research purposes, and / or reports to clients, on an occasional and infrequent basis, provided that all such material is clearly attributed to OPEC, and bears a notation that it is copyrighted by OPEC.   1. Stock change assumptions reflect the development of Strategic Petroleum Reserves (SPR) in some non-OECD countries, and the rising need for stocks as refinery capacity expands. These rates of rise in stocks will eventually slow, as growth in SPR slows as does refinery expansion. The medium-term pattern eventually reverts, in the long-term, to historical average behavior. 2. For Indicators, like Long term real GP growth rates the date has been considered the highest number although it has a range which are as. 2019-2025 for 2025, 2025-2035 for 2035, 2035-2045 for 2045