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The Organization of Petroleum Exporting Countries is an international oil cartel originally formed in 1960. It represents the majority of all oil produced in the world and attempts to control the production of oil (usually limiting it to raise prices).

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The Organization of Petroleum Exporting Countries is an international oil cartel originally formed in 1960. It represents the majority of all oil produced in the world and attempts to control the production of oil (usually limiting it to raise prices).





 
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