Description - The purpose of OPEC is to unify and coordinate the policies pertaining to petroleum amongst its member countries, with the aim of securing stable and fair pricing on behalf of producers of petroleum, as well as ensuring a regular, economic and efficient petroleum supply to consuming nations, and guaranteeing fair returns on capital to anyone investing in the petroleum industry. OPEC has a significant impact on the prices of oil around the globe.
Last meeting held - 22nd Jun'18
Next meeting on - 3rd Dec'18