Economy
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IntroductionOrganization for Petroleum and Exporting Countries is a coalition of 14 of the world's largest oil-exporting nations. In 1960, the OPEC was set up to synchronize its members ' oil policies and provide legal and financialassistance to Member nations. The objective of the OPEC Corporation is to control oil supply, which, to put oil prices on the global market, is to avoid volatility in the economies of both producing and consuming Nations.OPEC member states include Iran, Iraq, Venezuela, Kuwait, and Saudi Arabia (the five founders), in addition to Libya, United Arab Emirates, Nigeria, Algeria, and five other states. Some of the biggest oil manufacturers in the world, which include China, the United States, and Russia, make it remarkable as they are Non-members of OPEC, and this h...
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