CARTEL CHARACTERISTIC OF OPEC

The Cartel characteristic for OPEC is closely related to oil market and strategy.This paper,according to historical data,studies Cartel characteristic of OPEC based on oil-price system and production quota system,finds out that the oil-price has been gradually terminated,marking a weakening or even withered Cartel capacity in controlling oil price for OPEC.The production quota system played a key part and is still playing.In the future the market still has a base for OPEC to intensify its Cartel characteristic under a big conflict in oil supply and demand,optimization in its organization and operation mechanism,while the energy's substitutes can not really shake the OPEC's Cartel control on global oil market.