Organization of Petroleum Exporting Countries. A collective of countries founded in 1960 that choose to collaborate in order to manage the exportation of their crude oil to the rest of the world. Because of their ability to adjust production levels, they possess a great deal of influence on the price of oil.
Related information about OPEC:
- OPEC : Home
OPEC (Organization of the Petroleum Exporting Countries) is an intergovernmental organization dedicated to stability in and shared control of the petroleum ...
- OPEC : Member Countries
Member Countries. The Organization of the Petroleum Exporting Countries ( OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in ...
- OPEC : Brief History
Brief History. The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad ...
- OPEC - Wikipedia, the free encyclopedia
OPEC's influence on the market has been widely criticized, since it became effective in determining production and prices. Arab members of OPEC alarmed the ...
- OPEC: The Concise Encyclopedia of Economics | Library of ...
Few observers and even few experts remember that the Organization of Petroleum Exporting Countries (OPEC) was created in response to the 1959 imposition ...
- HowStuffWorks "OPEC and Global Gas Prices"
OPEC is the single largest factor that affects the cost of gasoline. Find out how OPEC affects the price of gas and learn which countries make up OPEC.
- Organization Of Petroleum Exporting Countries (OPEC) - Investopedia
An organization consisting of the world's major oil-exporting nations. The Organization of Petroleum Exporting Countries (OPEC) was founded in 1960 to ...
- OPEC's Pending Bloodbath - Forbes
Jun 10, 2012 ... OPEC has been on auto-pilot for the last year. Anyone who had any spare oil, put it on the market, Asian consumers would soak it up. Prices ...