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Trading Glossary

Organization of the Petroleum Exporting

The Organization of the Petroleum Exporting Countries, also known as “OPEC,” is an intergovernmental organization of 13 oil-exporting countries that coordinates the petroleum policies of its members.It will allow the trader to stablization to the oil market that secure the regular efficient supply of the petroleum to the consumer, Income of the producers and capital industry investors. The Organization of the Petroleum Exporting Countries (OPEC) is a group consisting of 14 of the world’s major oil-exporting nations. OPEC was founded in 1960 to coordinate the petroleum policies of its members and to provide member states with technical and economic aid.