{"id":92286,"date":"2018-06-21T15:02:24","date_gmt":"2018-06-21T08:02:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/video-what-is-opec\/"},"modified":"2018-06-24T14:03:55","modified_gmt":"2018-06-24T07:03:55","slug":"video-what-is-opec","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/video-what-is-opec\/","title":{"rendered":"Video: What is OPEC?"},"content":{"rendered":"


\nOil isn’t just petrol for your car, it’s an ingredient in a lot of what we use. That means the cost of these products can be affected by the fluctuating price of oil. That price is largely decided by supply and demand and the collective actions of OPEC, an organisation that provides 40% of the world’s oil.
\n
\nSource : arabianbusiness.com
\nRead more…Video: What is OPEC?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Oil isn’t just petrol for your car, it’s an ingredient in a lot of what...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-92286","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-o0u","jetpack-related-posts":[{"id":154992,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/opec-countries-announce-oil-production-increase\/","url_meta":{"origin":92286,"position":0},"title":"OPEC+ countries announce oil production increase","date":"May 31, 2025","format":false,"excerpt":"\r OPEC+ countries including Saudi Arabia and UAE announce increase to oil production levels\r \r Source : arabianbusiness.com\r Read more...OPEC+ countries announce oil production increase","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/05\/opec-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":150438,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/opec-saudi-uae-kuwait-oman-and-others-announce-oil-production-increase\/","url_meta":{"origin":92286,"position":1},"title":"OPEC+: Saudi, UAE, Kuwait, Oman and others announce oil production increase","date":"April 3, 2025","format":false,"excerpt":"\r Eight OPEC+ countries, including Saudi, UAE, Kuwait and Oman, have agreed to increase oil production\r \r Source : arabianbusiness.com\r Read more...OPEC+: Saudi, UAE, Kuwait, Oman and others announce oil production increase","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/04\/opec-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":92222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/opec-agrees-to-boost-oil-production-after-reaching-iran-compromise\/","url_meta":{"origin":92286,"position":2},"title":"OPEC agrees to boost oil production after reaching Iran compromise","date":"June 22, 2018","format":false,"excerpt":"\r OPEC will meet again on Saturday with non-members, including Russia, to ratify Friday's agreement\r \r Source : arabianbusiness.com\r Read more...OPEC agrees to boost oil production after reaching Iran compromise","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":157473,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/opec-forecasts-10-6tn-in-oil-investments-by-2040-to-secure-global-energy-stability\/","url_meta":{"origin":92286,"position":3},"title":"OPEC forecasts $10.6tn in oil investments by 2040 to secure global energy stability","date":"July 12, 2025","format":false,"excerpt":"\r OPEC says major investment in oil industry still needed despite switch to renewable energy in coming decades\r \r Source : arabianbusiness.com\r Read more...OPEC forecasts .6tn in oil investments by 2040 to secure global energy stability","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/07\/opec-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":36546,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ftse-100-rises-and-oil-jumps-as-opec-begins-debate-on-oil-cuts\/","url_meta":{"origin":92286,"position":4},"title":"FTSE 100 rises and oil jumps as Opec begins debate on oil cuts","date":"November 30, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...FTSE 100 rises and oil jumps as Opec begins debate on oil cuts","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48095,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oil-price-crashes-back-towards-50-as-opec-raises-us-oil-forecasts\/","url_meta":{"origin":92286,"position":5},"title":"Oil price crashes back towards $50 as Opec raises US oil forecasts","date":"March 15, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Oil price crashes back towards as Opec raises US oil forecasts","rel":"","context":"In "Property 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