World Oil Organization

The World Oil Organization (WOO) is an international body that aims to promote cooperation among oil-producing and oil-consuming countries. It focuses on ensuring stability in the global oil market, addressing issues like pricing, supply, and sustainability. Through discussions and agreements, the WOO seeks to balance the interests of producers and consumers, aiming for fair prices and energy security. While not as widely recognized as OPEC, the WOO plays a vital role in facilitating dialogue and developing strategies to address challenges in the oil industry, including environmental concerns and the transition to alternative energy sources.