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ASB 2006

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
  15/05/2008: $118.95     $0.17

The price of OPEC basket of thirteen crudes stood at 118.95 dollars a barrel on Thursday, 15/5/08, compared with $118.78 the previous day, 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.


OPEC Seminar
OPEC to hold its Fourth International Seminar at the "Hofburg Palace" in Vienna, Austria on 18-19 March 2009. Details to be provided soon.
Publications
OPEC Monthly Oil Market Report was published on Thursday, 15 May 2008. [PDF]
The OPEC Bulletin was published on Wednesday, 16 April 2008. [PDF]