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International Energy Forum
The International Energy Forum (IEF) is an inter-governmental, non-profit international organisation which aims to foster greater mutual understanding and awareness of common energy interests among its members. Th71 Member Countriesof the Forum are signatories to thIEF Charter which outlines the framework of the global energy dialogue through this inter-governmental arrangement. The IEF is the neutral facilitator of informal, open, informed and continuing global energy dialogue. Recognising their interdependence in the field of energy, the member countries of the IEF co-operate under the neutral framework of the Forum to foster greater mutual understanding and awareness of common energy interests in order to ensure global energy security. The IEF is unique in that participants not only include IEA and OPEC countries, but also key international actors such as Brazil, China, India, Mexico, Russia, and South Africa. The IEF member countries account for more than 90 percent of glob ...
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Riyadh
Riyadh (, ar, الرياض, 'ar-Riyāḍ, lit.: 'The Gardens' Najdi pronunciation: ), formerly known as Hajr al-Yamamah, is the capital and largest city of Saudi Arabia. It is also the capital of the Riyadh Province and the centre of the Riyadh Governorate. It is the largest city on the Arabian Peninsula, and is situated in the center of the an-Nafud desert, on the eastern part of the Najd plateau. The city sits at an average of above sea level, and receives around 5 million tourists each year, making it the forty-ninth most visited city in the world and the 6th in the Middle East. Riyadh had a population of 7.6 million people in 2019, making it the most-populous city in Saudi Arabia, 3rd most populous in the Middle East, and 38th most populous in Asia. The first mentioning of the city by the name ''Riyadh'' was in 1590, by an early Arab chronicler. In 1737, Deham Ibn Dawwas, who was from the neighboring Manfuha, settled in and took control of the city. Deham built a ...
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Joint Organisations Data Initiative
The Joint Organisations Data Initiative (JODI) is an international collaboration to improve the availability and reliability of data on petroleum and natural gas. First named the "Joint Oil Data Exercise", the collaboration was launched in April 2001 with six international organisations: Asia-Pacific Economic Cooperation (APEC), Statistical Office of the European Communities ( Eurostat), International Energy Agency (IEA), (OLADE), Organization of the Petroleum Exporting Countries ( OPEC), and United Nations Statistics Division (UNSD). In 2005, the effort was renamed JODI, joined by the International Energy Forum (IEF), and covered more than 90% of the global oil market. The Gas Exporting Countries Forum The Gas Exporting Countries Forum (GECF) is an intergovernmental organization currently comprising 19 Member Countries of the world's leading natural gas producers: Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Rus ... (GECF) joined as an eighth ...
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UNSD
The United Nations Statistics Division (UNSD), formerly the United Nations Statistical Office, serves under the United Nations Department of Economic and Social Affairs (DESA) as the central mechanism within the Secretariat of the United Nations to supply the statistical needs and coordinating activities of the global statistical system. The Division is overseen by the United Nations Statistical Commission, established in 1947, as the apex entity of the global statistical system and highest decision making body for coordinating international statistical activities. It brings together the Chief Statisticians from member states from around the world. The Division compiles and disseminates global statistical information, develops standards and norms for statistical activities, and supports countries’ efforts to strengthen their national statistical systems. The Division regularly publishes data updates, including the Statistical Yearbook and World Statistics Pocketbook, and books a ...
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Gas Exporting Countries Forum
The Gas Exporting Countries Forum (GECF) is an intergovernmental organization currently comprising 19 Member Countries of the world's leading natural gas producers: Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, Venezuela are members and Angola, Azerbaijan, Iraq, Mozambique, Malaysia, Norway, Peru and the United Arab Emirates are observers. GECF members together control over 71% of the world's natural proven gas reserves, 44% of its marketed production, 53% of the pipeline, and 57% of the liquefied natural gas (LNG) exports across the globe. It is headquartered in Doha, Qatar. History The idea of creating a forum as an official organization was first performed at the meeting in 2001 in Tehran, but it was legally instituted after the idea was supported by Russia. Vladimir Putin, on a visit to Qatar, one of the largest gas-producing countries, reached an agreement with the Emir Hamad bin Khalifa Al Thani to coordinate activ ...
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Eurostat
Eurostat ('European Statistical Office'; DG ESTAT) is a Directorate-General of the European Commission located in the Kirchberg, Luxembourg, Kirchberg quarter of Luxembourg City, Luxembourg. Eurostat's main responsibilities are to provide statistical information to the institutions of the European Union (EU) and to promote the harmonisation of statistical methods across its Member state of the European Union, member states and Enlargement of the European Union, candidates for accession as well as European Free Trade Association, EFTA countries. The organisations in the different countries that cooperate with Eurostat are summarised under the concept of the European Statistical System. Organisation Eurostat operates pursuant tRegulation (EC) No 223/2009 Since the swearing in of the von der Leyen Commission in December 2019, Eurostat is allocated to the portfolio of the European Commissioner for Economic and Financial Affairs, Taxation and Customs, European Commissioner for the Eco ...
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Asia-Pacific Economic Cooperation
The Asia-Pacific Economic Cooperation (APEC ) is an inter-governmental forum for 21 member economy, economies in the Pacific Rim that promotes free trade throughout the Asia-Pacific region.Member Economies – Asia-Pacific Economic Cooperation
Apec.org. Retrieved 12 April 2014.
Following the success of Association of Southeast Asian Nations, ASEAN's series of post-ministerial conferences launched in the mid-1980s, APEC started in 1989, in response to the growing interdependence of Asia-Pacific economies and the advent of regional trade blocs in other parts of the world; it aimed to establish new markets for agricultural products and raw materials beyond Europe. Headquartered in Singapore, APEC is recognized as one of the ...
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1980s Oil Glut
The 1980s oil glut was a serious surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $ per barrel in dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($ to $ in dollars). The glut began in the early 1980s as a result of slowed economic activity in industrial countries due to the crises of the 1970s, especially in 1973 and 1979, and the energy conservation spurred by high fuel prices. The inflation-adjusted real 2004 dollar value of oil fell from an average of $78.2 in 1981 to an average of $26.8 per barrel in 1986. In June 1981, ''The New York Times'' proclaimed that an "oil glut" had arrived and ''Time'' stated that "the world temporarily floats in a glut of oil". However, ''The New York Times'' warned the next week that the word "glut" was misleading, and that temporary surpluses had brought down prices somewhat, but prices were still we ...
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1970s Energy Crisis
The 1970s energy crisis occurred when the Western world, particularly the United States, Canada, Western Europe, Australia, and New Zealand, faced substantial petroleum shortages as well as elevated prices. The two worst crises of this period were the 1973 oil crisis and the 1979 energy crisis, when, respectively, the Yom Kippur War and the Iranian Revolution triggered interruptions in Middle Eastern oil exports. The crisis began to unfold as petroleum production in the United States and some other parts of the world peaked in the late 1960s and early 1970s. World oil production per capita began a long-term decline after 1979. The oil crises prompted the first shift towards energy-saving (particular, fossil fuel-saving) technologies. The major industrial centers of the world were forced to contend with escalating issues related to petroleum supply. Western countries relied on the resources of countries in the Middle East and other parts of the world. The crisis led to stagnant e ...
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Gro Harlem Brundtland
Gro Brundtland (; born Gro Harlem, 20 April 1939) is a Norwegian politician (Arbeiderpartiet), who served three terms as the 29th prime minister of Norway (1981, 1986–89, and 1990–96) and as the director-general of the World Health Organization from 1998 to 2003. She is also known for having chaired the Brundtland Commission which presented the Brundtland Report on sustainable development. Educated as a physician, Brundtland joined the Labour Party and entered the government in 1974 as Minister of the Environment. She became the first female Prime Minister of Norway on 4 February 1981, but left office on 14 October 1981; she returned as Prime Minister on 9 May 1986 and served until 16 October 1989. She finally returned for her third term on 3 November 1990. From 1981 to 1992 she was leader of the Labour Party. After her surprise resignation as Prime Minister in 1996, she became an international leader in sustainable development and public health, and served as Director-General ...
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François Mitterrand
François Marie Adrien Maurice Mitterrand (26 October 19168 January 1996) was President of France, serving under that position from 1981 to 1995, the longest time in office in the history of France. As First Secretary of the Socialist Party, he was the first left-wing politician to assume the presidency under the Fifth Republic. Reflecting family influences, Mitterrand started political life on the Catholic nationalist right. He served under the Vichy regime during its earlier years. Subsequently he joined the Resistance, moved to the left, and held ministerial office several times under the Fourth Republic. Mitterrand opposed Charles de Gaulle's establishment of the Fifth Republic. Although at times a politically isolated figure, he outmanoeuvered rivals to become the left's standard bearer in the 1965 and 1974 presidential elections, before being elected president in the 1981 presidential election. He was re-elected in 1988 and remained in office until 1995. Mitterran ...
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Carlos Andrés Pérez
Carlos Andrés Pérez Rodríguez (27 October 1922 – 25 December 2010) also known as CAP and often referred to as '' El Gocho'' (due to his Andean origins), was a Venezuelan politician and the president of Venezuela from 12 March 1974 to 12 March 1979 and again from 2 February 1989 to 21 May 1993. He was one of the founders of Acción Democrática, the dominant political party in Venezuela during the second half of the twentieth century. His first presidency was known as the ''Saudi Venezuela'' due to its economic and social prosperity thanks to enormous income from petroleum exportation. However, his second presidency saw a continuation of the economic crisis of the 1980s, a series of social crises, widespread riots known as Caracazo and two coup attempts in 1992. In he became the first Venezuelan president to be forced out of office by the Supreme Court on charges for the embezzlement of bolívars (roughly 2.7 million US dollars) belonging to a presidential discretion ...
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Supply And Demand
In microeconomics, supply and demand is an economic model of price determination in a Market (economics), market. It postulates that, Ceteris paribus, holding all else equal, in a perfect competition, competitive market, the unit price for a particular Good (economics), good, or other traded item such as Labour supply, labor or Market liquidity, liquid financial assets, will vary until it settles at a point where the quantity demanded (at the current price) will equal the quantity supplied (at the current price), resulting in an economic equilibrium for price and quantity transacted. The concept of supply and demand forms the theoretical basis of modern economics. In macroeconomics, as well, the AD–AS model, aggregate demand-aggregate supply model has been used to depict how the quantity of real GDP, total output and the aggregate price level may be determined in equilibrium. Graphical representations Supply schedule A supply schedule, depicted graphically as a supply cu ...
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