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A view of logo of the Organization of the Petroleum Exporting Countries (OPEC) at their headquarters in Vienna, Austria, June 2, 2023.
Source: https://business.inquirer.net/433261/opec-postpones-policy-meeting-to-nov-30-oil-falls
In a letter dated Dec. 6, Haitham Al-Ghais, secretary general of the Organization of the Petroleum Exporting Countries, warned all members that there was rising pressure at the summit to target fossil fuels.
Source: https://www.nytimes.com/2023/12/08/climate/opec-cop28-climate-oil.html
Iraq, the second largest producer within the Organization of the Petroleum Exporting Countries (OPEC), exports an average of 3.3 million barrels of oil per day.
Source: https://www.al-monitor.com/originals/2023/04/iraq-launches-new-oil-refinery-reduce-imports
Oil prices also pared losses after the Organization of the Petroleum Exporting Countries raised its 2023 oil demand forecast by 100,000 barrels per day in a monthly report, citing the reopening of the Chinese economy after COVID restrictions.
World oil demand will rise by 2.25 million barrels per day (bpd) in 2024, compared with growth of 2.44 million bpd in 2023, the Organization of the Petroleum Exporting Countries said in a monthly report.
Source: https://business.inquirer.net/426074/opec-sticks-to-2024-oil-demand-growth-forecast