The organization you are referring to is the Organization of the Petroleum Exporting Countries (OPEC). OPEC is an intergovernmental organization made up of oil-exporting countries that work together to manage the production and pricing of oil in order to stabilize the global oil market and secure a stable supply of oil.
This is an economic union of oil producing countries that coordinates and unifies the policies of member countries to ensure the stabilization of oil markets in order to secure an efficient supply of oil
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