i t changes the oil prices in the world and shipps out oil

i dont know you wont tell me pv

Subjects>History>American Government

Benefits of OPEC

Anonymous

∙ 10y ago

Updated: 8/20/2023

The OPEC is a body that links the major oil producing countries and provides a framework of how they will do the production and marketing. It gives them collective bargaining to get the best prices.

Wiki User

∙ 10y ago

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Who is the current president of OPEC?

JOSE BOTELHO DE VARCONCELOS

Which was a major cause of the energy crisis in the early 1970s?

OPEC refused to sell oil to the United States The OPEC embargo on oil sales to countries supporting Israel The conflict over Israel

Example of a cartel?

An example of a cartel would be OPEC. Hope this helps, Hershey

What best describes the majority of countries in OPEC?

They are not extensively industrialized. Their economies rely heavily on exports.

Why did OPEC increased oil prices in 1973?

To pressure the United States not to support Israel

Who owns OPEC?

opec

Where is the headquater of opec?

where is the head quarter of opec

What is OPEC what countries are a part of OPEC?

egypt (A+)

What is the population of OPEC?

OPEC's population is 372,368,429.

What are the organs of OPEC company?

What are the organs of opec

Who are the 3 former members of opec?

Saudia Arabia opec OPEC oil reserves OPEC oil crisis

Is Egypt located in OPEC?

OPEC is an organisation, not a place, so no country is located in it. Egypt is not a member of OPEC.

Is Laos is present OPEC?

How do you use OPEC in a sentence?

OPEC is so silly

Why was the US vulnerable to OPEC?

The US is vulnerable to OPEC because of the oil import. There is about 40% oil in OPEC countries.

When was OPEC established?

opec was established in 1988 by MARTINUS MATHURIN

Is Afghanistan a member of OPEC?

yes Pakistan is a member of OPEC.

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