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Bookmark or Share- Which economies are most reliant on oil? - The World Economic ForumThis seismic shake-up has come on the back of the steep and sustained drop in oil prices – from a peak of $115 per barrel in June 2014 to under $35 at the end of February 2016 – and marks a massive change of direction for the world's largest petroleum exporter, also the de facto leader of OPEC (Organization of Petroleum Exporting Countries).
- This is what climate change costs economies around the world | World ...“Our only ask is that you come with solutions, and real actions,” Majid Al Suwaidi, Director-General and Special Representative of the United Nations Climate Change Conference (COP28), Office of the Special Envoy for Climate Change of the UAE, told the Forum in a panel session.
- Davos 2024: Who's coming and what to expect - The World Economic ForumLi Qiang, Premier of the People's Republic of China; Emmanuel Macron, President of France; Ursula von der Leyen, President of the European Commission; Javier Milei, President of Argentina; Han Duck-soo, Prime Minister of the Republic of Korea; Pedro Sánchez, Prime Minister of Spain; Viola Amherd, President of the Swiss Confederation 2024 and Federal Councillor of Defence, Civil Protection and ...
- Explainer: What is OPEC? - The World Economic ForumBefore OPEC formed, the international oil market was dominated by the “seven sisters” group of multinational energy companies. The group was set up at a time of global change, with “extensive decolonization and the birth of many new independent states in the developing world”, it says.
- Why oil prices matter to the global economy - an expert explains ...OPEC has been scaling up oil production slowly, but it also has limited spare capacity and is probably cautious not to oversupply the market again. Beyond spare capacity, oil production has very long investment cycles.
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