{"id":16325,"date":"2016-10-05T14:27:14","date_gmt":"2016-10-05T14:27:14","guid":{"rendered":"https:\/\/www.edristi.in\/?p=16325"},"modified":"2016-10-05T14:28:27","modified_gmt":"2016-10-05T14:28:27","slug":"opec-agrees-oil-production-curbs","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/opec-agrees-oil-production-curbs\/","title":{"rendered":"OPEC agrees on oil production curbs"},"content":{"rendered":"<p style=\"text-align: justify;\">Question: OPEC is an organization of \u2026 oil-exporting countries.<br \/>\na) 10<br \/>\nb) 14<br \/>\nc) 12<br \/>\nc) 9<br \/>\n<strong>Ans: (b)<\/strong><br \/>\n<strong> Related facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On 29th September, 2016 Organization of the Petroleum Exporting Countries -OPEC reached a consensus to reduce oil production for the first time since 2008 after an informal meeting in Algiers, Algeria.<\/li>\n<li>It was decided that OPEC would reduce oil production to a range of 32.5 to 33.0 million bpd (barrels per day) from its current output at 33.24 million bpd.<\/li>\n<li>However the quantity of reduction by each country will be decided in OPEC\u2019s next formal meeting scheduled in November 2016. In this meeting, Russia (non-OPEC member) will also be invited to join cuts in production.<\/li>\n<li>Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization of 14 nations, founded in 1960 in Baghdad. It is headquartered since 1965 in Vienna.<\/li>\n<li>As of July 2016, it has 14 members- Algeria, Angola, Libya, Nigeria and Gabon (from Africa); Indonesia, Iran, Iraq, Saudi Arabia (the de facto leader) Kuwait, Qatar, United Arab Emirates (from Asia); Ecuador and Venezuela (from Latin America)<\/li>\n<li>As of 2015, these 14 countries accounted for an estimated 43 percent of global oil production and 73 percent of the world&#8217;s &#8220;proven&#8221; oil reserves.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Reference:<\/strong><br \/>\n<a href=\"http:\/\/www.thehindu.com\/business\/Industry\/opec-agrees-on-modest-oil-production-curbs\/article9163898.ece\" target=\"_blank\">http:\/\/www.thehindu.com\/business\/Industry\/opec-agrees-on-modest-oil-production-curbs\/article9163898.ece<\/a><br \/>\n<a href=\"http:\/\/www.reuters.com\/article\/us-opec-meeting-idUSKCN11Y18K\" target=\"_blank\">http:\/\/www.reuters.com\/article\/us-opec-meeting-idUSKCN11Y18K<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: OPEC is an organization of \u2026 oil-exporting countries. a) 10 b) 14 c) 12 c) 9 Ans: (b) Related facts: On 29th September, 2016 Organization of the Petroleum Exporting Countries -OPEC reached a consensus to reduce oil production for the first time since 2008 after an informal meeting in Algiers, Algeria. It was decided [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1135],"tags":[2508],"class_list":["post-16325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ao","tag-associations-organizations-en"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/16325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=16325"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/16325\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/16326"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=16325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=16325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=16325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}