-
About page
OPEC International collaborations
Organization for Petroleum Exporting Countries The Organization for Petroleum Exporting Countries (OPEC) is an intergovernmental organisation created in 1960 with the objective of co-ordinating and unifying petroleum policies among OPEC Member Countries, to guarantee market stability.Each year, the IEA, the International Energy Forum (IEF) and OPEC organize a Symposium on Energy Outlooks as part of a joint work programme. The symposium gathers senior analysts and delegates from oil companies and...
-
About page
Strait of Hormuz Oil security and emergency response
Factsheet Last updated: February 2026 Overview The Strait of Hormuz is a narrow sea passage, separating the Arabian Peninsula and Iran, and connecting the Persian Gulf with the Gulf of Oman and the Arabian Sea. At its narrowest point, the Strait is only 29 nautical miles wide (54 km) and it consists of 2-mile-wide navigable channels (3.7 km) for inbound and outbound shipping as well as a 2-mile-wide buffer zone. The Strait of Hormuz, through which an average of 20 million barrels per day (mb/d) ...