Trends

All you need to know about OPEC

Written by Mint.com
Published Apr 29, 2011
0 min read
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You can’t talk about oil prices — and these days there’s lots of talk — without considering OPEC (Organization of the Petroleum Exporting Countries), the 12-member cartel that wields massive influence in the oil market. Here we look at the who those members are, how much crude oil they produce and how stable they are, along with some background on the major fluctuations in the price of crude.