The basic strategy of the OPEC cartel is to

OPEC's basic strategy is to control the global oil market by using production quotas to regulate the supply of oil and manage prices. By controlling the flow of oil on the market and setting globally agreed upon production quotas, OPEC is able to influence the price of oil. Through limiting the global supply of oil, OPEC can ensure that prices don't decrease to a level that would hurt the economies of member countries that rely heavily on oil revenues. Additionally, by controlling the global oil market, OPEC can regulate the amount of global competition in the oil industry.