OPEC turns 57 years old this year. I suppose I could wait three more years for a "round" number to tell you about it, but as they say, there's no.

For OPEC members and other Arab, African and Muslim countries, a form of reckoning is at work here, for the long U.S. history of punishing countries that decline to obey American policy dictates.

The cartel has decided to maintain production targets in one of its most closely watched meetings in years. Here’s a look back at other momentous events in OPEC’s history.

At a meeting at OPEC headquarters in Vienna, Austria, the bloc of oil-producing nations, with support from Russia, said it would cut production by 2 million barrels per day beginning in November.

OPEC may soon lose its sway over global oil prices, IEA says By Anna Cooban, CNN ... (That’s) a major, major surplus and… might be one of the highest in the history,” Fatih Birol, ...

OPEC History Shows It Can Deal Even Bigger Blows to Oil Price. From bloomberg.com. Oil’s slump of more than 10 percent in New York since OPEC met on Dec. 4 has struck fear into any remaining crude ...

OPEC+’s decision to slash oil production has set off bipartisan fury in Washington directed at the Saudi Arabia-led group, raising calls for a hard-hitting US response.

For years now tension has been building between OPEC and the western nations that buy their oil, ... For now, NOPEC legislation appears to have the support to pass the House and Senate, Book said.

Such a decision would do little to quell dissent in OPEC, however.Many members think that the quotas are unfair, and do not reflect increases of capacity. By 2025 all current output cuts will expire.