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OPEC History Timeline

OPEC History Timeline

OPEC History Timeline

Anger from exporting countries

2020

2003-2011

1959-1960

1973-1974

1990-2003

1960-1975

1975-1980

Oil embargo

Ample supply and modest disruptions

Saudi-Russian price war

Founding and expansion

Special Fund, now OFID

volatility

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publish time: 2021-03-01
Lisa Anderson

It is a timeline of OPEC history.Between 1959 and 1960, anger was arised from exporting countries.The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.

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