PROBLEMS OF OPEC

Despite the remarkable achievements recorded by OPEC, the organization is still beseeched with the following problems:

  1. Violation of the organization’s regulations by some member countries producing above the stipulated quota. 
  2. Disagreement among member countries on price to be charged per barrel of oil.
  3. The problem of granting production quotas per country.
  4. The problem of cultural differences among member countries in policy implementation.
  5. Political instability that affect the volume of output and sales among most of the member countries. 
  6. The existence of rival organization and other powerful oil producing countries that are not members of OPEC also creates a big challenge to the activities of OPEC.

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