A Look Inside OPEC

TheStreet

Members of OPEC are struggling to raise slumping oil prices. They are meeting at a conference in Vienna to work out how to implement a proposed 5% reduction in oil output.

This is not the first time members of the oil cartel struggled to make a key business decision since it was founded in 1960.

We took a look back at the organization's history, its membership and its market share to shed some light on what is going into its latest move in Vienna.