OPEC+

E43019

OPEC+ is an alliance of major oil-producing countries, including OPEC members and non-OPEC partners like Russia, that coordinates crude oil production policies to influence global oil prices.

AI illustration

How this image was made

AI-generated illustration of OPEC+

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of OPEC+ (OPEC+ is an alliance of major oil-producing countries, including OPEC members and non-OPEC partners like Russia, that coordinates crude oil production policies to influence global oil prices.)

All labels observed (5)

How this entity was disambiguated

Statements (63)

Predicate Object
instanceOf energy policy coordination group ⓘ
intergovernmental organization ⓘ
oil producers alliance ⓘ
alsoKnownAs OPEC Plus ⓘ
linked to: OPEC+

OPEC and allies ⓘ
linked to: OPEC+
coordinatedBy OPEC Secretariat ⓘ
field energy policy ⓘ
international economic cooperation ⓘ
formedDuring 2016 oil market downturn ⓘ
formedFrom Organization of the Petroleum Exporting Countries ⓘ
linked to: OPEC

non-OPEC oil-producing countries ⓘ
fullName Organization of the Petroleum Exporting Countries Plus ⓘ
linked to: OPEC+
hasKeyMember Algeria ⓘ
Angola ⓘ
Azerbaijan ⓘ
Bahrain ⓘ
Brunei ⓘ
linked to: Brunei Darussalam

Congo ⓘ
Equatorial Guinea ⓘ
Gabon ⓘ
Iran ⓘ
Iraq ⓘ
Kazakhstan ⓘ
Kuwait ⓘ
Libya ⓘ
Malaysia ⓘ
Mexico ⓘ
Nigeria ⓘ
Oman ⓘ
Qatar ⓘ
Russia ⓘ
Saudi Arabia ⓘ
South Sudan ⓘ
Sudan ⓘ
United Arab Emirates ⓘ
United States (as occasional observer or dialogue partner) ⓘ
Venezuela ⓘ
hasLeaderRole Russia as key non-OPEC leader ⓘ
Saudi Arabia as de facto leader ⓘ
hasMemberType OPEC member state ⓘ
non-OPEC oil-producing country ⓘ
hasPolicy cooperative supply management between OPEC and non-OPEC ⓘ
market-driven production management ⓘ
industry oil and gas industry ⓘ
influences energy markets volatility ⓘ
global crude oil prices ⓘ
global oil supply ⓘ
mainDecisionType oil production quotas ⓘ
production increase agreements ⓘ
voluntary production cuts ⓘ
meetsAt Vienna ⓘ
online videoconferences ⓘ
notableAction 2016 coordinated production cuts agreement ⓘ
2020 historic production cuts during COVID-19 pandemic ⓘ
regular monthly production adjustment meetings ⓘ
purpose coordination of crude oil production policies ⓘ
influencing global oil prices ⓘ
stabilization of global oil markets ⓘ
relatedTo International Energy Agency ⓘ
OPEC ⓘ
global energy security ⓘ
shortName OPEC+ ⓘ
typicalDecisionProcess consensus-based decision-making ⓘ

How these facts were elicited

Referenced by (9)

Full triples — surface form annotated when it differs from this entity's canonical label.

Saudi Arabia → memberOf → OPEC+ ⓘ
OPEC+ → fullName → Organization of the Petroleum Exporting Countries Plus ⓘ
linked to: OPEC+
OPEC+ → shortName → OPEC+ ⓘ
OPEC+ → alsoKnownAs → OPEC Plus ⓘ
linked to: OPEC+
OPEC+ → alsoKnownAs → OPEC and allies ⓘ
linked to: OPEC+