Inside OPEC: History, Influence, and Current Role in Global Oil Markets

Explore the history and influence of OPEC, the Organization of Petroleum Exporting Countries, in this detailed video! Learn about the origins of OPEC, its founding members, and the organization's mission to regulate oil prices. Understand how OPEC sets oil production quotas, its peak influence in the 1970s, and its current role in global oil markets. Discover how non-OPEC nations like the United States, Canada, and Russia are impacting OPEC's influence today.

Key topics covered:

History and formation of OPEC
Founding members and their goals
Oil production quotas and price regulation
OPEC's peak influence in the 1970s
Current member nations and global oil reserves
The impact of non-OPEC oil-producing nations on OPEC's influence
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