: 449 OPEC Organization

4 33 is about 53.8 billion barrels.
Name the world's oil reserves according to the world's proven oil reserves, unconfirmed oil reserves are not counted.
The first is Saudi Arabia, with 262.6 billion barrels, accounting for 85% of global reserves.
Compared to China, China's oil reserves are 14.8 billion barrels, which is less than 30 world oil reserves on the island of Tortuga;
In Central and South America, Venezuela, Brazil, and Ecuador are the world's largest oil producers. Venezuela's oil reserves even exceed those of Saudi Arabia.
The world's third largest oil field, the world's ninth largest oil reserve country, accounts for 4% of global oil reserves.
As the world economy recovers, it continues to grow. The rising powers of China, Brazil, India, South Africa and other countries. The established powerhouses of the United States, Britain, France and other countries have created rounds of economic miracles, and the consumption of crude oil has skyrocketed.
By September 2019, the price of international crude oil has continued to rise from the trough in the second half of 2015 to more than $ 142 now, and continues to rise. Some predict that this price will continue to rise for a long time.
The rise in crude oil prices has advantages and disadvantages for Chen Rui. Of course, the price of crude oil has risen. As the owner of the third largest oil field in the world, Chen Rui can make more money. Each dollar increases by 1 dollar per barrel. Calculated at 4 million barrels, it is 4 million U.S. dollars, and earns 4 million U.S. dollars a day.
Of course, the disadvantages are also very large. The price of oil is too high, which urges oil importing countries to develop unconventional energy sources with lower research costs than high-priced oil, such as tar sands, tight oils, heavy oils, shale gas, and coalbed methane. Shale oil, oil shale, and new energy sources, such as the combustible ice and solar energy, wind energy, tidal energy, and other renewable energy sources mentioned earlier, occupy the oil market share, which has greatly harmed the interests of oil exporting countries.
Of course, it is opec's job to adjust oil prices to protect the respective and common interests of oil exporting countries.
The so-called opec, transliteration, OPEC, is the Organization of the Petroleum Exporting Countries.
It was established on September 14, 1960, and on November 6, 1962, OPEC filed with the UN Secretariat and became a formal international organization.
There are 12 member countries, Saudi Arabia, Iraq, Iran, Kuwait, United Arab Emirates, Qatar, Libya, Nigeria, Algeria, Angola, Ecuador and Venezuela.
The total oil reserves of OPEC member countries account for 77 of the world's oil reserves.
The purpose of the establishment of OPEC is to eliminate harmful and unnecessary price fluctuations ~ EbookFREE.me ~ to ensure the stability of oil prices on the international oil market and to ensure that member states can obtain stable oil revenue under any circumstances.
In popular terms, everyone in the oil-exporting countries united to protect everyone's interests. International oil prices are high, which is not in the common interests of everyone. The OPEC Conference will reduce international oil prices by coordinating the increase in production among member countries.
For the same reason, on the contrary, the international oil price is low, which is not in the common interest of everyone. The OPEC conference will coordinate the reduction of production by member countries to achieve the rise of international oil prices.
Of course, the opec organization will also implement international political pressure by manipulating the price of oil. This is how the first oil crisis came about, which eventually triggered the largest economic crisis in the post-war capitalist world from 1973 to 1975.
What Chen Rui has to do is when the news about the discovery of Boles oilfield, the reserves of oil fields, the quality of oil and so on is consciously spread to the world, causing the drop in international crude oil prices. By buying short oil, it makes a lot of money.
After the financial trading team was ready, tens of billions of funds entered the market through countless secret accounts. (To be continued.)
------------------------------------------
------------------------------------------