Organization of the Petroleum Exporting Countries (OPEC)
The Organization of the Petroleum Exporting Countries (OPEC, /ˈoʊpɛk/ OH-pek) is an intergovernmental organisation of 14[ref] nations, founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), and headquartered since 1965 in Vienna, Austria.
Oil & Gas headlines involving OPEC. News and press releases curated from thousands of sources to give you the widest coverage needed.
OPEC News & Press Releases from the Oil & Gas Industry
OPEC – which stands for the Organization of the Petroleum Exporting Countries – is an intergovernmental organization with an objective to coordinate and unify petroleum policies amongst their member nations. The OPEC plays a big part in ensuring fair pricing for petroleum producing nations and consumers, fair supply of petroleum, and fair return on investment within the oil and gas industry. It was founded in Baghdad, Iraq on September 1960 and is currently headquartered in Vienna, Austria.
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