Oil and income distribution

OPEC Posted by Maria Celia on December 30, 2008 The Organization of Petroleum Exporting Countries is an organization whose purpose, since its creation, is to coordinate oil production policies in order to lead the manufacturer to have a price and a profitable return on earnings and ensure adequate supply of consumer countries. The urgency of creating an institution of these characteristics emerged after the big drop in the price of oil produced in 1960 under the agreements that then carried out unilaterally in the major oil distributors.