// definition
OPEC
Organization of the Petroleum Exporting Countries
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Short definition
The producers cartel (Saudi Arabia and others) that coordinates production quotas to influence the price of the barrel.
risk atlas
Knowledge map
Intuition
OPEC coordinates part of the supply, but its real power depends on internal discipline and marginal demand.
Why it matters now
When Chinese demand slows or draws on its stocks, OPEC's ability to support the price becomes observable.
Related analyses
- Oil: the Chinese inventory capping pricesReserves, Brent prices and Chinese buying behaviour.
- China crude imports fallPhysical flows, margins and market power.
- Hormuz reopensNormalisation, price scenarios and geopolitical premia.
Related guides
- Reading the oil marketPrices, curve, inventories, OPEC and physical data.
Related datasets
- risk.jsonPublic snapshot of the risk signals.
- signals/history.jsonPoint-in-time history of the signals.
- risk-diff.json1, 7 and 30-day diff of signals, sources and models.
- evidence-graph.jsonClaims, evidence and their sources as a graph.
Signals using it
- Energy MonitorMethodology of the energy stress signal.
- Risk DiffRecent change in risk and source freshness.
Primary sources
- U.S. Energy Information AdministrationOil, gas, inventories, production and the Short-Term Energy Outlook.
- Commodity Futures Trading CommissionFutures positioning through the Commitments of Traders.
- World Bank Open Data & OECD DataMacro comparables and commodity prices.