OPEC is an organization of 13 major oil-producing countries that aims to coordinate and unify their petroleum policies. Its primary goal is to ensure a regular supply of oil to consumers and a fair return on capital to oil producers. OPEC’s decisions and actions have a significant impact on the global oil market and the price of oil.
Standard Bank provides commodities prices and exchange rates services to clients, offering real-time information on prices for various commodities and live exchange rates for over 50 currencies. The services are available through online platforms, mobile apps, and trading desks, supporting the needs of corporate and institutional clients globally.