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Opec


1986 OPEC lowers oil production 20%

1983 OPEC cut oil prices for 1st time in 23 years

1979 OPEC raises oil prices 24 percent

1978 OPEC raises oil prices 18%

1974 OPEC ends oil boycott against Netherlands

1973 OPEC oil embargo begins

1960 OPEC (Organization of Petroleum Exporting Countries), forms

1960 Iraq, Iran, Kuwait, Saudi-Arabia and Venezuela form OPEC


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