OPEC BRIEF HISTORY SKIP TEXT BASKET UPSTREAM DOWNSTREAM OIL PRODUCTION ACHIEVEMENTS EXHIBITION WELCOME INTRANET WEBMAIL SEARCH MISSION MEMBER SECRETARIAT OFID ABOUT US THE ORGANIZATION OF PETROLEUM EXPORTING INTERGOVERNMENTAL ORGANIZATION BAGHDAD CONFERENCE SAUDI ARABIA THE FIVE NINE QATAR INDONESIA SUSPENDED SUSPEND LIBYA UNITED ARAB EMIRATES ALGERIA NIGERIA ECUADOR ANGOLA GABON TERMINATED MEMBERSHIP REJOINED HEADQUARTERS THE FIRST FIVE YEARS THIS WAS OBJECTIVE POLICIES ORDER FAIR STABLE PRICES ECONOMIC REGULAR SUPPLY RETURN ON CAPITAL INVESTING 1960S FORMATION DEVELOPING COUNTRIES IN SEPTEMBER THE INTERNATIONAL ECONOMIC AND POLITICAL DECOLONISATION BIRTH NEW INDEPENDENT STATES DEVELOPING WORLD MARKET THE SEVEN SISTERS MULTINATIONAL COMPANIES FORMER SOVIET UNION PLANNED ECONOMIES DEVELOPED COLLECTIVE GENEVA DECLARATORY STATEMENT POLICY INALIENABLE RIGHT EXERCISE PERMANENT SOVEREIGNTY NATURAL RESOURCES IN INTEREST NATIONAL 1970S ROSE INTERNATIONAL PROMINENCE CONTROL DOMESTIC INDUSTRIES ACQUIRED MAJOR PRICING CRUDE OIL ON WORLD OIL PRICES STEEPLY VOLATILE TRIGGERED THE ARAB OIL EMBARGO THE IRANIAN REVOLUTION MANDATE SUMMIT HEADS OF STATE AND GOVERNMENT ALGIERS THE PLIGHT POORER NATIONS NEW ERA COOPERATION WORLD ECONOMIC DEVELOPMENT THE ESTABLISHMENT OF OPEC FUND FOR INTERNATIONAL DEVELOPMENT 1980S REACHING RECORD THE DECADE PRICES BIG OIL CONSUMER SHIFT AWAY SHARE SMALLER FELL TOTAL REVENUE BELOW CAUSING HALF THE EARLY OUTPUT INTRODUCING GROUP CEILING DIVIDED REFERENCE PROGRESS DIALOGUE SEEN ESSENTIAL STABILITY REASONABLE ENVIRONMENTAL ISSUES ENERGY 1990S LESS DRAMATICALLY TIMELY ACTION REDUCED THE MARKET IMPACT MIDDLE EAST HOSTILITIES VOLATILITY GENERAL PRICE WEAKNESS ASIAN ECONOMIC DOWNTURN MILD NORTHERN HEMISPHERE WINTER SAW SOLID RECOVERY INTEGRATED GREATER COMMUNICATIONS MATCHED THE UNITED CLIMATE CHANGE NEGOTIATIONS THE EARTH BALANCE REALISM THE TREATMENT COUNTRY LEFT THE 2000S INNOVATIVE OIL PRICE BAND MECHANISM HELPED COMBINATION MARKET FORCES SPECULATION FACTORS THE SITUATION INCREASING INCREASINGLY ASSET EMERGING GLOBAL FINANCIAL TURMOIL ADDRESS ECONOMIC CRISIS CARACAS RIYADH STABLE ENERGY MARKETS SUSTAINABLE DEVELOPMENT ENVIRONMENT COMPREHENSIVE STRATEGY THE GLOBAL ECONOMY RISK MACROECONOMIC RISKS FINANCIAL SYSTEM SOCIAL UNREST PARTS THE WORLD SUPPLY AND DEMAND OVERSUPPLY CAUSED FALL IN TRADE PATTERNS DEMAND FURTHER IN GENERALLY WORLDS FOCUS MULTILATERAL ENVIRONMENTAL MATTERS CLIMATE CHANGE AGREEMENT SEEK IRAQ BOARD OF GOVERNORS SWITZERLAND MARCH 1973 AUSTRIA DELEGATES HOFBURG PALACE PAGE PRINT ORGANIZATION OF THE PETROLEUM RSS FEEDS