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The impact of political decisions on OPEC countries

Author

Listed:
  • Saigh Malika

    (UMBB - Université M'Hamed Bougara Boumerdes)

Abstract

OPEC continued its efforts to strengthen and stabilize the global oil market in the 2000. Increasing market volatility and the collapse of the global financial sector have unfortunately led to an economic recession. The Organization then began to support the oil sector to address the crisis. The purpose of this article is to provide an explanation from the Organization of Petroleum Exporting Countries. To begin with, we will give some general information on this organization and with the help of statistical data we will give an analysis of the evolution of the price of oil correlatively with the events which marked the oil industry which will enable us to see that the principle of supply and demand is respected in the form, because oil prices fluctuate with supply and demand levels.

Suggested Citation

  • Saigh Malika, 2023. "The impact of political decisions on OPEC countries," Post-Print hal-04680606, HAL.
    • Handle: RePEc:hal:journl:hal-04680606
    Note: View the original document on HAL open archive server: https://hal.science/hal-04680606
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    More about this item

    Keywords

    OPEC Global Production Oil reserves Oil production . JEL Classification Codes: D51 E23 L11 R32 R48; OPEC; Global Production; Oil reserves; Oil production . JEL Classification Codes: D51; E23; L11; R32; R48;
    All these keywords.

    JEL classification:

    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy

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