Why it's so tricky to sync the interests of OPEC+ members
Published
In 1960, when Saudi Arabia, Venezuela, Iran, Iraq and Kuwait formed a cartel called the Organization of the Petroleum Exporting Countries, or OPEC, together they produced more than half of the world’s oil. They used it to remake the market for oil. But while OPEC has grown to 13 members, its…
#saudiarabia #venezuela #iran #iraq #kuwait #opec #amymyersjaffe #saudis #ellenwald #saudiarabias