Oil barrels arranged around a conference table symbolizing OPEC member nations working together to regulate international oil markets.

Understanding the Role and Impact of the Organization of the Petroleum Exporting Countries (OPEC)

Energy Finance

Introduction to OPEC The Organization of the Petroleum Exporting Countries (OPEC) is an international organization comprised of 13 major oil-exporting nations. Established in 1960 by five founding members—Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela—OPEC’s primary mission is to manage the supply of crude oil on the world market, thereby regulating

Read more

Understanding the Role and Impact of the Institute for Supply Management (ISM) in Finance and Investment

Business Strategy

Introduction to ISM The Institute for Supply Management (ISM) is a nonprofit organization, founded in 1915, dedicated to serving professionals within supply management and purchasing industries worldwide. Originally known as the National Association of Purchasing Agents, the institute changed its name to ISM in 2002, reflecting its expanded scope and

Read more