After OPEC's recent announcement that oil production would be cut, many in the United States and the international community have accused Saudi Arabia of deliberately "colluding" with Putin and imperiling the global economy by artificially raising the price of oil. What is OPEC, the Organization of the Petroleum Exporting Countries? How do OPEC -- and Saudi Arabia in particular -- raise and lower oil prices? Dr. Dania Thafer, Executive Director of Gulf International Forum, gives a brief overview.
This interview was recorded in 2020.
