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...Bchecked/topic/454413/OPEC Organization of Petroleum Exporting Countries] (OPEC), which, in 2005, included the countries of the Persian Gulf region plus Al ...tp://www.ogj.com/index.html Oil & Gas Journal]. FSU = former Soviet Union; OPEC = Organization of Petroleum Exporting Countries. From Salvador<ref name=Sal

...ndustrialisation, among other factors. Oil producing countries such as the OPEC member states are the leading suppliers of oil in the world market, thus ch ...ies (OPEC) on its member states like Libya, Iran, among others, on supply. OPEC's mission is to coordinate and ensure the stabilization of oil markets in o

...strictions in which they dictate how much the countries that adhere to the OPEC can produce. These restrictions can be basing on various factors such as ec * [http://www.opec.org OPEC]

...tp://www.ogj.com/index.html Oil & Gas Journal]. FSU = former Soviet Union; OPEC = Organization of Petroleum Exporting Countries. From Salvador.<ref name=Sa ...ts creation in 1960, the [http://www.britannica.com/EBchecked/topic/454413/OPEC Organization of Petroleum Exporting Countries], oil production increased st

...oduces about 1.7 million bbl/d.<ref name=Opec_2009>OPEC, 2009, [http://www.opec.org/opec_web/static_files_project/media/downloads/publications/ASB2009.pdf ...37 trillion cubic feet of gas.<ref name=Opec_2007>OPEC, 2007, [http://www.opec.org/opec_web/static_files_project/media/downloads/publications/ASB2007.pdf

...act U.S. tight oil prospects and that a possible increase in production by OPEC countries could substantially impact the global oil market.