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The Need for OPEC to Price Oil and the Impact of Covid-19 on the World Oil Economy

Publish Year: 1399
Type: Conference paper
Language: English
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OGPH05_029

Index date: 5 February 2021

The Need for OPEC to Price Oil and the Impact of Covid-19 on the World Oil Economy abstract

The present article discusses the brief history of theemergence of oil and an approach to OPEC oil policy and the needfor its formation during the oil price crisis. In addition, the history ofthe oil economy from 1950 to 2020 has been reviewed.Finally, due to the epidemic of Covid-19 and its destructive effects,this article concludes.

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The Need for OPEC to Price Oil and the Impact of Covid-19 on the World Oil Economy authors

Sepehr Sammak

Petroleum Engineering, Islamic Azad University , South Branch, Tehran, Iran

Ali Bayatfard

Political Science , University of Tehran , Tehran, Iran

Farid Moeinfar

Diploma in Accounting Business , Association of Chartered Certified Accountants ( ACCA ) , UK. & Accounting , Islamic Azad University , South Branch, Tehran, Iran