OPEC and Its Role in Regulating Price of Petroleum

Felor Ebghaei

EconStor Open Access Articles and Book Chapters, 2007, vol. 3, issue 10, 2-22

Abstract: The present paper offers a short history of the Organization of Petroleum Exporting Countries (OPEC) together with a brief account of its goals, operational structure, membership requirements and its role in regulating oil prices. Studying oil price developments and OPEC's role since its foundation shows that OPEC has reacted sensitively to oil price volatilities and attempted to stabilize oil prices. In fact, the organization has played an effective role through different crises.

Keywords: OPEC; Crude Oil Prices; Oil Market; Oil Companies; Energy Policy (search for similar items in EconPapers)
Date: 2007
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Related works:
Working Paper: OPEC and Its Role in Regulating Price of Petroleum (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:162842

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