Changes

OPEC's stated objective is to co-ordinate and unify [[petroleum]] output among member countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry.<ref>http://www.opec.org/aboutus/history/history.htm</ref>

OPEC's stated objective is to co-ordinate and unify [[petroleum]] output among member countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry.<ref>http://www.opec.org/aboutus/history/history.htm</ref>

OPEC is frequently accused of maintaining artificially inflated oil prices by restricting oil production, but its ability to control the market price has declined with increased competition from the [[United States]] (especially new oil production in [[North Dakota]]), [[Mexico]], [[Norway]] and [[Russia]].<ref>http://www.bloomberg.com/news/2014-11-23/opec-easy-decision-days-seen-over-by-former-qatari-oil-minister.html</ref>

OPEC is frequently accused of maintaining artificially inflated oil prices by restricting oil production, but its ability to control the market price has declined with increased competition from the [[United States]] (especially new oil production in [[North Dakota]]), [[Mexico]], [[Norway]] and [[Russia]].<ref>https://www.bloomberg.com/news/2014-11-23/opec-easy-decision-days-seen-over-by-former-qatari-oil-minister.html</ref>

==References==

==References==