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What was OPEC?

Updated: 9/13/2023
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9y ago

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OPEC is the Organization of the Petroleum Exporting Countries. It is an international organization and economic cartel that consists of the major oil-exporting nations in the world. Its main goal was to stop the world's largest oil refiners and producers from lowering oil prices. They wanted to gain control over the price of oil.

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9y ago
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