Petroleum politics

The Organization of the Petroleum Exporting Countries (OPEC ) is an organization enabling the co-operation of leading oil-producing and oil-dependent countries in order to collectively influence the global oil market and maximize profit. It was founded on 14 September 1960 in Baghdad by the first five members: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The organization, which currently comprises 12 member countries, accounted for 38 percent of global oil production in 2022. It is estimated that 79.5 percent of the world's proven oil reserves are located within OPEC nations, with the Middl

2018 social movement started in France

69th United States Secretary of State

1973 petroleum shortage

Nigerian social rights activist (1941–1995)

autonomous intergovernmental organisation

Syriana is a 2005 American political thriller film written and directed by Stephen Gaghan, loosely based on Robert Baer's 2003 memoir See No Evil. The film stars an ensemble cast consisting of George Clooney, Matt Damon, Jeffrey Wright, Chris Cooper, William Hurt, Tim Blake Nelson, Amanda Peet, Christopher Plummer, Alexander Siddig, and Mazhar Munir.

Shipping traffic through the Strait of Hormuz, a major maritime choke point for world energy trade, has been largely blocked by Iran since 28 February 2026, when the United States and Israel launched an air war against Iran and assassinated its supreme leader Ali Khamenei. In retaliation, Iran launched missile and drone attacks on Israel, US military bases, and US-allied Gulf states. The Iranian Revolutionary Guard (IRGC) issued warnings forbidding passage through the strait, has boarded and attacked merchant ships, and has laid sea mines in the strait. Since 13 April, the US has blockaded Iranian ports, leading to a "dual blockade" of the strait. Until the US–Israeli war against Iran, the Strait of Hormuz was open and about 25% of the world's seaborne oil trade and 20% of the world's liquefied natural gas (LNG) passed through it.

Kuwait-based energy policy coordinating organization

1979 petroleum shortage

ongoing conflict

subclass of energy crisis

discontinuation of the use of fossil fuels

One of the primary theories on peak oil

[[Image:Petrocaribe-Map.png|thumb|253px|

lobbying supporting the fossil fuels industry

international spending or investment of a country's revenues from petroleum exports

contract between a government and a resource extraction company

1928 business agreement creating a regional oil cartel

Norwegian ministry

Petrocurrency (or petrodollar) is a word used with three distinct meanings, often confused:

nationalization of oil companies in Iran in 1951

fossil fuels agency in Texas, USA

report

Egyptian government ministry

Israeli-American businessman, diplomat, and former lobbyist

American journalist

thumb|upright|230px|Ibn Saud, the first king of [[Saudi Arabia]]

objectives and activities of the United States in the Middle East

The Offshore and Onshore Reliability Data (OREDA) project was established in 1981 in cooperation with the Norwegian Petroleum Directorate (now Petroleum Safety Authority Norway). It is "one of the main reliability data sources for the oil and gas industry" and considered "a unique data source on failure rates, failure mode distribution and repair times for equipment used in the offshore and onshore industry. OREDA's original objective was the collection of petroleum industry safety equipment reliability data. The current organization, as a cooperating group of several energy companies, was est

Petroyuan is a form of the official Chinese currency, the yuan intended at least initially for oil trading. On 26 March 2018, the Chinese government issued the first long term oil trading contracts denominated in petroyuans. This project exists to attempt to compete with the U.S. petrodollar as a main currency in crude oil transactions, whose hegemony has led the market since the dollar standard was first established in 1971, replacing the gold standard and giving the United States the power to manage most of the world's currency supply (around ~60%).

aspect of diplomacy within the petroleum industry

era in history

Norwegian government agency

tobacco industry marketing and political strategy to protect revenues in the face of evidence linking smoking and serious diseases

American diplomat

blockade of oil shipments to Rhodesia

2026 Iran war aerial campaign

British-New Zealand mining engineer