Organization of the Petroleum Exporting Countries

The Organization of the Petroleum Exporting Countries (OPEC) is an international organization of 13 oil-producing countries. OPEC+ contains 11 additional countries, including the Russian Federation. In October 2022, against the wishes of the USA, OPEC announced it would reduce oil production by 2 million barrels (318 million liters) per day.^[1]

References

↑ Prabhat Patnaik (2022-10-16). "The OPEC’s Decision to Cut Oil Output" Peoples Democracy. Archived from the original on 2022-10-14. Retrieved 2022-10-16.

[1] Prabhat Patnaik (2022-10-16). "The OPEC’s Decision to Cut Oil Output" Peoples Democracy. Archived from the original on 2022-10-14. Retrieved 2022-10-16.

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