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ASB 2007
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OPEC's mission is to coordinate and unify the petroleum policies of Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital to those investing in the petroleum industry.
OPEC Basket Price
The price of OPEC basket of twelve crudes stood at 39.95 dollars a barrel on Friday 2/1/09, compared with $35.58 the previous Wednesday, according to OPEC Secretariat calculations.
Who gets what from oil? Variations in gasoline prices are not due to differences in crude prices, but to widely varying levels of taxation in the major consuming nations. [...more]Press Releases
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