The most common units of weight and measure, such as cm 2, kg and km, need not be written out.Ībbreviations and acronyms are not used in document titles or headings. Habitat III, UN-Habitat and UN-Women), it may however be preferable to include the abbreviation even if the name occurs only once. When the entity referred to is better known by the abbreviation or acronym (e.g. In United Nations publications, a list of abbreviations and acronyms, if required, is normally included in the explanatory notes.Ībbreviations and acronyms are not used for names or titles that occur only once or twice in a text.
The name or title should be written out in full the first time it occurs in a document, followed by the abbreviation in parentheses.Īlternatively, if a document contains numerous abbreviations and acronyms, a list may be included after the table of contents or at the end of the document if there is no table of contents. When they are used, abbreviations and acronyms should always be explained. In certain formal contexts, such as General Assembly resolutions, they should not be used at all. Principal officially recognized abbreviations and acronymsĪbbreviations and acronyms (words formed from the initial letters of other words, e.g.
ending stocks of crude oil and petroleum products 1995-2016 Crude oil import volume from Africa to the European Union (EU-28) in 2019, by country.Oil consumption in Saudi Arabia 1990-2020.Volume of crude oil production in Saudi Arabia 2015-2018.Volume of crude oil stockpile in Saudi Arabia 2015-2018.Petroleum imports from OPEC countries as a share of consumption in the U.S.Share of petroleum in China's total energy consumption 2010-2020.Price of Mixed Sweet Blend crude oil 2014-2019.
United Kingdom (UK) oil price forecast in U.S.Largest crude oil production increases in a single year by country 1973-2018.The 2020 fall in prices was the result of a significant decline in transportation fuel demand and weakened economic prospects during the coronavirus pandemic. Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. By increasing and decreasing its oil production, OPEC tries to keep the price between given maxima and minima. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. The aim of the OPEC is to coordinate the oil policies of its member states. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and as of June 2021 it includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. dollars the previous year and comes in the wake of an energy supply shortage and sanctions on Russia following the Russia-Ukraine war. The 2022 annual average OPEC oil price stands at 105.06 U.S.