OPEC in Crisis

Published: June 21, 2016, 11 a.m.

The Organization of Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental organization of 13 oil-exporting nations that coordinate petroleum policies of member states. OPEC has exercised large control of the global oil market since its inception in 1960. However, it is now confronting major challenges, including changes to the global oil market and tensions between member...

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