OPEC’s Influence on the International Oil Market

Many of the world’s biggest oil companies are part of a group named the Petroleum-Exporting Countries Organization (OPEC). Since 2016 on, OPEC and other leading oil-producing nations, the non-OPEC, created a more efficient group, which has the OPEC Plus concise name. The goal is to monitor the price of crude oil as the precious fossil […]

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