Crude Oil now represented less than a quarter of the price oil products in many Countries. Therefore, taxes have more influence over the price of oil products. When oil taxes are raised, end consumers often mistakenly blame the oil producer, but it is really their own governments that are responsible.
OPEC seeks a stable oil markets, without sudden price changes or excessively high or low prices. OPEC regularly meets with other oil producer and with consumers in an efforts to improve understanding and trust in the oil industry and to seek polices and measures that do not create unnecessary economic hardship for oil producers and consumers.