What does OPEC stand for?

AS gas prices rise in the United States, the White House has called for OPEC to increase oil production. OPEC was founded on September 14, 1960, in Baghdad and has been located in Vienna, Austria, since 1995. What does OPEC stand for? OPEC is an abbreviation meaning Organization of the Petroleum Exporting Countries. The intergovernmental organization stabilizes the oil markets […]

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