Organization of Petroleum Exporting Countries (OPEC) is an alliance of most major crude oil producing countries, formed for the purpose of allocating and controlling production quotas so as to influence the price of crude oil in world markets.
Organization of Petroleum Exporting Countries (OPEC) is an alliance of most major crude oil producing countries, formed for the purpose of allocating and controlling production quotas so as to influence the price of crude oil in world markets.