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This is the first of a three-case series. The basic premise of the case series is to let the students derive as many economics concepts as possible from the Organisation of Petroleum Exporting Countries (OPEC) and the economics of cartel. This would enable them to derive major micro economics concepts - market structure, cost structure, consumer behaviour and related concepts - and can also be linked to Game Theory (as is done in the (C) case). These three cases can be used in managerial / business economics courses and the economics of competition in a strategy module. The first case deals with the intricacies of OPEC; the necessity, the origination and the evolution of the organisation into a cartel. It was argued that since the oil exporters were exploited by the western governments and the multinational corporations, OPEC should be created. This organisation pledged to safeguard members' interests. After having understood the historical foundations of OPEC, the students can analyse OPEC's nature and the interlinkages between the oil industry's supply and demand dynamics.