The leading producers of oil in the world are Saudi Arabia, the United States, Russia, Iraq, Iran, and Venezuela.
All of these countries are members of the Organization of the Petroleum Exporting Countries, also known as OPEC.
The goals of OPEC are to ensure the stabilization of prices in international oil markets and eliminate harmful and unnecessary fluctuations.
OPEC exists to serve the interests of the oil producing nations, and its influence on the market has been widely criticized.
