Monday, 6 September 2010

50 Candles - Boyz II Men (1994)

OPEC, the Organization of Petroleum Exporting Countries, marks its 50th year on Friday, September 10th. Back in 1960, the five founding members of Iraq, the Islamic Republic of Iran, Kuwait, Saudi Arabia and Venezuela convened in Baghdad. Today, OPEC is 12 member countries strong and includes Algeria, Angola, Ecuador, Libya, Nigeria, Qatar, and the United Arab Emirates. (Indonesia suspended its membership in January 2009).

It would be tough to argue against the influence this cartel has had, and continues to do so today, on the oil supply and world markets as members strive to coordinate and unify their petroleum policies. No training on oil supply and trading can be complete without some acknowledgement of OPEC’s reach and that is certainly the case with The Oxford Princeton Programme’s unsurpassed array of such courses.

For more on OPEC’s observance of this milestone, log onto

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