OPEC.org is the official website of the Organization of the Petroleum Exporting Countries (OPEC), an intergovernmental organization consisting of 13 major oil-producing nations. The website serves as a comprehensive source of information on OPEC's activities, market analysis, and energy-related developments. It provides valuable insights into the global energy industry, including oil market reports, statistical data, and forecasts. OPEC.org showcases the organization's commitment to ensuring stability and equilibrium in the oil market while promoting sustainable development. It also highlights important events, publications, and initiatives undertaken by OPEC to foster cooperation among member countries and collaborate with other stakeholders in the energy sector.

Qatar terminated its membership on 1 January 2019. It was founded in 1960 by Saudi Arabia, Venezuela, Iraq, Iran and Kuwait. OPEC member countries produce about 40 percent of the world's crude oil.eia.govEqually important to global prices, OPEC's oil exports represent about 60 percent of the total petroleum traded internationally.

OPEC stands for The Organization of Petroleum Exporting Countries. Oil is a non-renewable resource.study.comThey are the ones that get together to decide how much petroleum (sometimes also called oil) to produce. They think they have enough oil to last about 110 years.

Our proven crude oil reserves total nearly 850 billion barrels and there is a reserves-to-production ratio of more than 80 years.opec.orgOPEC is well endowed with both hydrocarbons, having almost 80 per cent of the world’s proven oil reserves and nearly 50 per cent of its natural gas.