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What Is OPEC, and How Does the Oil Cartel Influence Petroleum Prices?

The New York Times – Business:

The group of oil-producing countries supplied more than 25 percent of the world’s oil before the war in Iran. Its members have influenced energy markets through the years.

Emmett Lindner
Author: Emmett Lindner

This post first appeared in The New York Times – Business. Read the original article.

Written by

Emmett Lindner

in

Oil (Petroleum) and Gasoline, Organization of the Petroleum Exporting Countries, Prices (Fares, Fees and Rates), Strait of Hormuz, United Arab Emirates, US and Israeli Attack on Iran (2026)
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