Organization of the Petroleum Exporting Countries - Hutchinson encyclopedia article about Organization of the Petroleum Exporting Countries

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Organization of the Petroleum Exporting Countries

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Organization of the Petroleum Exporting Countries

Body established in 1960 to coordinate price and supply policies of oil-producing states, protecting its members' interests by manipulating oil production and the price of crude oil. Its concerted action in raising prices in the 1970s triggered worldwide recession, but also lessened demand so that its influence was reduced by the mid-1980s. However, continued worldwide reliance on oil has since guaranteed its enduring and dominant market influence, with oil prices rising towards $100 a barrel by late 2007. OPEC members (2007) are: Algeria, Angola, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. OPEC's secretary general is Abdullah Salem al-Badri of Libya.

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No references found			Summary: Organization of the Petroleum Exporting Countries (OPEC)'s markets monitoring committee recommended Tuesday the cartel's members, staled to meet Wednesday evening in Vienna in an ordinary session, to keep unchanged their output quotas and boost better compliance with them. OPEC likely to leave output unchanged and boost compliance with cuts by UMCI News (Potomac Falls, VA) Khatibi said the 12-member Organization of the Petroleum Exporting Countries would not hold an extraordinary meeting before its next scheduled meeting in Vienna on March 15. OPEC Complied with Agreed Output Cut by Moj News Agency (Tehran, Iran) The Organization of the Petroleum Exporting Countries (OPEC) has decided on several cuts to oil output in 2008 to halt the drop in process. Sudan to inaugurate a new oil field in the south by Sudan Tribune (Sudan)			Orfeide, L' Orfeo Orfeo ed Euridice Orfeo, L' Orff, Carl Orford, 1st Earl of org organ organ stop organ-point organdie organelle organic chemistry organic compound organic farming organic organization organicism organization chart Organization Commune Africaine et Mauricienne Organization de l'Armée Secrète Organization for Economic Cooperation and Development Organization for Security and Cooperation in Europe Organization of American States Organization of Arab Petroleum Exporting Countries Organization of the Islamic Conference Organization of the Petroleum Exporting Countries organizational chart organized crime organizer organo pieno organology organophosphate insecticide organum Oriani, Alfredo Oribasius oriental history Oriente orienteering origami origin original equipment manufacturer original sin Orihuela Orillia orimulsion Orinda Orinoco oriole Orion Orion nebula Orione, o sia Diana vendicata			Organization of Small Business Owners Organization of Small Urban Municipalities Organization of Social Studies Majors Organization of Solid Waste Districts of Ohio Organization of Staff Analysts Organization of State Broadcasting Executives Organization of Student Social Workers Organization of Students for African Unity Organization of Students of African Descent Organization of Tanzania Trade Unions Organization of Teacher Educators in Reading Organization of Teratology Information Services Organization of the European Nation organization of the ground Organization of the Ground by Engineer Work Organization of the Islamic Conference Organization of the Islamic Conference Organization of the Islamic Conference Organization of the Islamic Conference Organization of the Islamic Conference Organization of the Islamic Shipowners Association Organization of the NorthEast Organization of the Oppressed on Earth Organization of the Oppressed on Earth Organization of the Oppressed on Earth Organization of the Oppressed on Earth Organization of the People of Rodrigues Organization of the periodic table Organization of the periodic table Organization of the periodic table Organization of the Petroleum Exporting Countries Organization of the Top Rappers Organization of the Year Organization of Tourist Board Representatives Organization of Trade Unions of West Africa Organization of Ukrainian Nationalists Organization of United African Peoples Organization of United Church Homes Organization of Waterfront Neighborhoods Organization of Wildlife Planners Organization of Women Architects and Design Professionals Organization of Women in International Trade Organization of Women Writers of Africa Organization of Women's Freedom in Iraq Organization of World Rulers Organization of Young Filipino Americans Organization of Zamboanguenos Organization of Zodiac Organization Point of Contact Organization Process Definition Organization Process Focus Organization Responsibility Center Organization Retirement and Disability System Organization Shared Vision Organization Standard Process

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