What is OPEC? The world’s most powerful oil cartel explained
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What is OPEC? The world’s most powerful oil cartel explained
OPEC is a group of oil-producing countries that work together to influence how much oil the world gets. It was formed in 1960 by nations that felt big Western oil companies were setting prices unfairly. By coordinating how much oil they produce, OPEC members try to keep prices stable; or sometimes push them higher. At its peak in the 1970s ...
1 month ago
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