Opec

James Gualito & Alfredo Delgado

Brief History

Opec is a global organization of oil exportation. it was established on September 10-14 1960. This organization is a base for multiple nations in the exporting oil market. Their goal is to secure money for the member nations of the cartel. They are also guarantees a great amount of oil supply to them.


This organization in the modern day is based on perfecting each an every detail of utility for each and everyone of its members. in 2008 was a great example of that when the economy hit rock bottom. During this time the organization stood tall and met each and everyone of its standards for the crude oil industry.

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Key Words

Opec: Organization Of Petroleum Exporting Countries


Oil Embargo: This is the act of exporting oil to countries in the crude oil business.