The countries of Iraq, Kuwait, Iran, Saudi Arabia, and Venezuela founded OPEC in September of 1960. Venezuela is the only founding country that isn't Middle Eastern.
As world demand for oil rose,OPEC's power increased.During the 1970s,the middle eastern members showed how the power could be used.In 1973,Arab nations were at war with Israel.Using oil as a political weapon,OPEC stopped oil shipments from the Middle East to countries that support Israel.
in the middle east
Organization of Petroleum Exporting Countries (OPEC)
The OPEC decides mainly, because they control the oil, OPEC is all of the middle eastern countries that have oil and export it
their goal is to have a steady supply of oil flowing out of their countries.
OPEC
The United States typically buy's their oil from OPEC. OPEC is the company that handles the price, and sale of Oil for middle eastern countries.
They have six major OPEC oil producers
Venezuela and Ecuador are the only OPEC members in Latin America.
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OPEC
OPEC