OPEC definition
Examples of OPEC in a sentence
Figure 1 below summarizes crude oil production changes for OPEC and non-OPEC countries.
Market conditions for oil and gas are the result of a number of factors outside the control of the Company, including changing economic conditions, seasonal weather conditions, loss of markets to alternative fuels, increased foreign production, government regulation and the failure or success of members of OPEC to agree to and maintain price and production controls.
The loan agreements were signed with OFID - OPEC Fund for International Development in September 2014 in the amount of 48.000.000 $ (package A) and 24.000.000 € (package B).
The Project Implementation Unit is obliged to fully follow and respect of all provisions of the Loan Agreements No.1588P and No.1589PB between Bosnia and Herzegovina and OFID - OPEC Fund for International Development as well as all other procedures applied by the OFID, during the construction of Klopče - Donja Gračanica motorway subsection.
The price and supply of fuel needed to run our collection vehicles is unpredictable and fluctuates based on events outside our control, including geopolitical developments, supply and demand for oil and gas, actions by OPEC and other oil and gas producers, war and unrest in oil producing countries, regional production patterns and environmental concerns.