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CNN Editorial Research (CNN) — Here’s a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria.FactsThe ...
In late 1973 and 1974, many Americans had to cope with limited supplies of gasoline because of an oil embargo imposed by the Organization of the Petroleum Exporting Countries (OPEC). Some state ...
In a previous crisis involving oil and politics back in 1973, Saudi Arabia led an Arab oil boycott of the West during the Yom Kippur war while pre-revolutionary Iran carried on exporting oil.