OPEC has once again denied media accreditation to reporters from three major financial news outlets - Bloomberg, Reuters and The Wall Street Journal - to cover next week's conference in Vienna, according to Bloomberg. The Wall Street Journal did not receive an invitation either, according to a source close to the matter contacted by AFP. But it took the "opportunity to highlight that media freedom, including enabling media coverage of political developments, is a cornerstone of any democratic society." Founded in 1960, OPEC was set up to "coordinate and unify petroleum policies" among members to "secure fair and stable prices for producers". In 2016, the cartel partnered up with 10 countries to form the OPEC+ group, which accounts for 60 percent of the world's oil production.

Source: Wall Street Journal June 30, 2023 03:23 UTC