OPEC

OPEC stands for Organization of Petroleum Exporting Countries. In September 1960, four Persian Gulf nations (Iran, Iraq, Kuwait, and Saudi Arabia) and Venezuela formed OPEC in order to obtain higher prices for crude oil. By 1973, eight other nations (Algeria, Ecuador, Gabon, Indonesia, Libya, Nigeria, Qatar, and the United Arab Emirates) had joined OPEC; Ecuador withdrew at the end of 1992, and Gabon withdrew in 1994.
 
OPEC cartel criticized for overproduction and price cheating by members. At the higher cartel price, less oil is demanded; output quotas are necessary in that each member of OPEC has an incentive to sell more than its quota by cutting its price because the cost of producing an additional barrel of oil usually is well below the cartel price.

1 . PESTEL Analysis, SWOT Analysis and Risk Analysis of OPEC

 
PESTEL Analysis Market Research Report

OPEC PESTEL Analysis

This report covers OPEC's PESTEL (political, economic, social, technological, environmental and legal) analysis.

Know More

 
SWOT Analysis Market Research Report

OPEC SWOT Analysis

This market research report covers SWOT (strengths, weaknesses, opportunities and threats) analysis for OPEC.

Know More

 
Risk Analysis Market Research Report

OPEC Risk Analysis

This market research report covers current and future business risk analysis for OPEC along with macroeconomic factor analysis.

Know More

Market Research Report Title Published Pages Price
OPEC RISK Analysis Market Research Report Apr 21 2018 400 USD 3,500.00
OPEC PESTEL Analysis Market Research Report Apr 21 2018 400 USD 3,500.00
OPEC SWOT Analysis Market Research Report Apr 21 2018 400 USD 3,500.00

Clients Who Trust Us

Market Research Reports Inc. Customers

Need tailor made market research solution? We can help you with that too.

About Us

At Market Research Reports, Inc. we aim to make it easier for decision makers to find relevant information and locate right market research reports which can save their time and assist in what they do best, i.e. take time-critical decisions.

We work with our associate Global market research firms who are known leaders in their respective domains to obtain right market research solution for our customer’s needs, be it custom research or syndicated research reports.

Contact Us

Market Research Reports, Inc
16192 Coastal Hwy
Lewes
, DE 19958, USA

USA: +1-302-703-9904

India: +91-8762746600

marketresearchreports

info@marketresearchreports.com

User login

Stay Connected