The Role of OPEC in Facing the Challenges of Energy Security after the Russian-Ukrainian War

Abstract

The role of OPEC in facing the challenges of energy security after the Russian-Ukrainian war.

The research problem covered by the topic is related to the central question: Did OPEC help to provide guarantees for energy security?

The objectives that the research worked on are related to the study of the most prominent energy security challenges globally, and the extent of OPEC's contribution to weakening them. And the importance that is related to the study of the subject of the research is related to the fact that the Russian-Ukrainian war ended in harming the energy security of Western countries, in the short term, but in the long term it will have negative consequences for the traditional energy-producing countries, the most important of which is oil because that war led the major oil-consuming countries To invest in non-traditional energy alternatives and clean energy alternatives.

The methodology used in the research relied on the descriptive approach, and from it, the conclusions reached by the research were reached.

As for the most prominent results that were reached, they are related to the fact that OPEC's policies in dealing with the issue of energy after the global financial crisis are based on an attempt to adjust production levels, to suit the volume of demand for it, and to make oil prices commensurate with the needs of producers and consumers.