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What is the Organization of Petroleum Exporting Countries (OPEC)


A group of the major oil producing nations that meets regularly with a stated aim for the stabilization of international crude oil prices.

Founded on September 14, 1960, OPEC was the result of a meeting that took place in the Iraqi capital of Baghdad. The meeting was attended by the five founding members, which was Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. Currently, the OPEC comprises 15 member countries, which are Algeria, Angola, Congo, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela.




Our Global Finance Terms and Phrases


GlobEx Markets has created an extensive listing of global finance terms and phrases. The terms that we have collected and compiled range from securities, derivatives and commodities to foreign products and Islamic finance.

Since the universe of financial terms is large, GlobEx Markets has built 3 publications of terms and phrases for 3 specific areas of finance. The first publication, "The Language of Global Finance: Stocks, Bonds and Investments", has more than 1,400 terms and phrases that are focused upon stocks, bonds and investments.

The second publication, "The Language of Global Finance: Options, Futures and Commodities", has more than 900 terms and phrases that are focused upon options, futures and commodities. The third publication of the series, "The Language of Global Finance: Islamic Finance", focuses on the specialized field of Islamic Finance.


Knowledge is the Key


The most successful investors and risk managers use every tool at their disposal, which includes the understanding and the use of global finance terms and phrases. GlobEx Markets publications will improve your knowledge and understanding of global finance.

  • Wall Street Journal
  • Financial Times
  • Bloomberg
  • Nikkei Asian Review
  • Reuters