OPEC in Podcasts
companyOPEC, an oil cartel led by Saudi Arabia, historically attempted to control oil supply
Mentions Over Time
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Mentions in Podcasts
In the 1970s, for example, the oil cartel OPEC, led by Saudi Arabia, tried to cut off the supply of oil to the United States.
The United Arab Emirates says it's quitting OPEC and OPEC+, dealing a heavy blow to the Saudi-led oil cartels.
was the belief that OPEC was successful because it was an oligopoly, i.e.
OPEC countries famously revised their reserve numbers upward in the 1980s when the quota system started rewarding bigger paper reserves.
Meanwhile, the oil cartel OPEC announced a boost in production, but as NPR's Camilla Dominovsky reports, that won't provide any near-term relief.
NPR's Kamila Dominovsky says the oil cartel OPEC met over the weekend and decided to boost production starting next month.
When the United Arab Emirates said Tuesday it would leave OPEC — that, of course, is the alliance of major oil producers that help stabilize global prices —
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