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what is the difference between opec and opec plus?

What is the difference between OPEC and OPEC plus?

OPEC, an acronym for the Organization of the Petroleum Exporting Countries, is an international governmental organization comprising 13 member countries. It was established in Baghdad on September 14, 1960, by the initial five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela). Despite its main headquarters being in Vienna, Austria, since 1965, Austria itself is not …

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hedge

Hedge Strategy

It is one of the ways that traders use the forex market to protect their positions from the risk of potential loss arising from news and events affecting the global markets and hedging is a short-term approach to maintaining a long-term investment.There are several ways to implement the hedge strategy, but the complex ones are …

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The Difference Between Spot Contracts and Futures Contracts

It is important for a trader to know and understand the difference between spot contracts and futures contracts and it will be explained below: Urgent or immediate, which is the price of the current moment, and it is organized through its own market These markets have their users according to their needs, whether traders or …

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