Organization
OPEC is the group of oil-exporting countries, led by Saudi Arabia, that has coordinated production to steer oil prices since 1960, and with Russia and other producers in the wider OPEC+ alliance.
2 political cartoons and analyses since May 2026 · Updated
The last time Saudi Arabia produced this little oil, Saddam Hussein had just invaded Kuwait, the Cold War was drawing its final breath, and the internet did not exist. That was 1990.
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For nearly six decades, the Organization of the Petroleum Exporting Countries held together one of the most consequential economic alliances in modern history.
Read analysisOur most recent coverage of OPEC: “The Kingdom Bleeds: Saudi Arabia's Oil Production Collapses to Its Lowest in 36 Years” (May 15, 2026); “The Cartel Cracks: UAE's Exit from OPEC and What It Means for the World's Oil Order” (May 13, 2026).
2 political cartoons and analyses since May 2026, most often alongside Iran, Saudi Arabia and Kuwait.
