Was OPEC’s Decision To Cut Oil Production ‘Purely Economic’? – OpEd

OPEC (the Organization of Petroleum Exporting Countries) is composed of 13 of the world’s leading oil-producing nations.  With the aim of coordinating action and controlling the market, OPEC regularly invites 10 smaller oil producers to an expanded summit, known as OPEC+.  The last such meeting took place on October...