Among the largest sovereign wealth funds, oil- and gas-related revenues account for just less than 57% of total assets, including four of the top five funds largest by assets, derive their assets from their energy industry. Norway's Government Pension Fund Global sits atop the list with $885 billion in assets. While Norway is not a member of OPEC, the fund will be directly impacted by the meeting results. The fund has been faced with budget shortfalls due to lower revenues and low investment returns; its oil production has approached five-year highs during 2016.
Oil-centric sovereign wealth funds
Among the OPEC consortium, the Persian Gulf states –Saudi Arabia, Kuwait, Qatar and the UAE– make up more than half of total daily production, and might have to agree among themselves to cut production if oil prices are to find support.