Stumped on ‘Grp. with barrels’ crossword clue? Find the answer here!

Sure, I would be happy to explain! The answer to the crossword clue “Grp. with barrels” is OPEC.

OPEC stands for the Organization of the Petroleum Exporting Countries. As the name suggests, OPEC is a group of countries that produce and export oil. The organization was created in 1960, and today it consists of 14 member countries, including Saudi Arabia, Iran, Iraq, Kuwait, and Venezuela. Together, these countries control a significant portion of the world’s oil supply.

One of the main activities of OPEC is to manage the supply of oil to world markets. By coordinating their oil production levels, OPEC countries can influence the price of oil and maintain stable, predictable markets. This allows OPEC member countries to ensure a steady revenue stream from their oil exports.

To measure their oil production, OPEC member countries use a unit of measurement called a barrel. This is why the clue mentions “barrels.” One barrel of oil is equal to about 159 liters, or 42 gallons.

Overall, OPEC is an influential organization that plays a crucial role in the global economy. By controlling a significant portion of the oil supply, OPEC has the power to impact the price of fuel and influence the economic policies of other countries.