answersLogoWhite

0

YES! Oil is a global commodity. They pay the same price as anyone else does on the goods, and do not control where it comes from.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Where does US buy it's oil?

The United States typically buy's their oil from OPEC. OPEC is the company that handles the price, and sale of Oil for middle eastern countries.


The Middle Eastern countries are the largest exporters of?

oil


What do we buy from countries in the middle east?

We buy oil or other oil products it.


Who imports oil into the middle east?

Well actually, in the Middle East, Saudi Aarabia specialize in oil. So they are the ones who exports oil they do not import. But, if other Middle Eastern countries don't have oil, then they get the oil from Saudi Arabia. The oil is very expensive too! In the case of Israel, Israel imports oil from Egypt and from outside of the Middle East because other Middle Eastern countries do not have trade relations with Israel.


Why did the United States get involved with Middle Eastern affairs?

Oil


What is the major source of income of middle eastern countries?

OIL


The Middle Eastern countries marked on the map are among the largest exporters of?

The Middle Eastern countries marked on the map are among the largest exporters of oil. These countries possess significant oil reserves and play a crucial role in the global oil market. Oil exports are a major source of revenue for many Middle Eastern nations.


When was Sinclair Oil Corporation created?

Sinclair Oil Corporation was created on 1916-05-01.


How did the discovery of middle eastern oil in the 20th century influence international organizations politics?

It led Western states to interfere with Middle Eastern governments.


Do they buy the oil from middle east?

Many countries by oil from the middle east. (70% of all countries) :)


How do the Middle Eastern countries have so much oil reserves?

because they are naturally rich in oil, and they understand how precious oil is and will be.


When was the Sinclair Oil company founded?

The Sinclair Oil company is based in Utah and was founded in 1916 by Harry Sinclair. The company focuses in the petroleum and oil industry, and has over 2,700 distribution stations.