The Organization of the Petroleum Exporting Countries (OPEC, /ˈoʊpɛk/ OH-pek) is an organization enabling the co-operation of leading oil-producing countries, in order to collectively influence the global market and maximise profit. Founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), it has, since 1965, been headquartered in Vienna, Austria, although Austria is not an OPEC member state.
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- OPEC (Organization of the Petroleum Exporting Countries) is an intergovernmental organization oil demand supply market upstream downstream Vienna...
- The term OPEC (Organization of the Petroleum Exporting Countries) refers to a group of thirteen of the world's largest oil-exporting countries.
- Detailed explanation-1: -The Organization of the Petroleum Exporting Countries is a cartel consisting of 13 of the world’s major oil-exporting nations.
- The Organization of Petroleum Exporting Countries, often called the OPEC cartel, was formed in 1960 to regulate prices and the supply of oil on the world oil...
- Organization of Petroleum Exporting Countries. Redirect to: OPEC.
- The Organization of the Petroleum Exporting Countries (OPEC) plays a pivotal role in the global oil market.
- The Organization of the Petroleum Exporting Countries (OPEC, /ˈoʊpɛk/ OH-pek) is an organization enabling the co-operation of leading oil-producing and...
- The Organization of the Petroleum Exporting Countries is a cartel consisting of 13 of the world’s major oil-exporting nations.
- The Organization of Petroleum Exporting Countries, often called the OPEC cartel, was formed in 1960 to regulate prices and the supply of oil on the world oil...
- Organization of the Petroleum Exporting Countries (OPEC) to Participate at Invest in African Energy (IAE) 2024, Outlining Future of Africa’s Energy Industry.
- This article will help build a clear understanding of the Organisation of the Petroleum Exporting Countries(OPEC) and learn about its formation...
- OPEC’s stated purpose is “to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets.”