average annual OPEC crude oil price was some 64.05 U.S. dollars per barrel, while in 2014 the price was 96.29 U.S. dollars per barrel. OPEC stands for the Organization of the Petroleum Exporting Countries and was established in Iraq in 1960.
As of 2019, Kuwait's oil reserves were estimated to be some 101.5 billion barrels. This amount places Kuwait as one of the top five OPEC members based on crude oil reserves. In that same year, the Crude oil reserves in OPEC countries from 2012 to 2019* (in billion barrels)
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OPEC. (July 10, 2020). Crude oil reserves in OPEC countries from 2012 to 2019* (in billion barrels) [Graph]. In Statista. Retrieved March 05, 2021, from https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/
OPEC. "Crude oil reserves in OPEC countries from 2012 to 2019* (in billion barrels)." Chart. July 10, 2020. Statista. Accessed March 05, 2021. https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/
OPEC. (2020). Crude oil reserves in OPEC countries from 2012 to 2019* (in billion barrels). Statista. Statista Inc.. Accessed: March 05, 2021. https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/
OPEC. "Crude Oil Reserves in Opec Countries from 2012 to 2019* (in Billion Barrels)." Statista, Statista Inc., 10 Jul 2020, https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/
OPEC, Crude oil reserves in OPEC countries from 2012 to 2019* (in billion barrels) Statista, https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/ (last visited March 05, 2021)