OPEC is so silly
OPEC is an acronym. An acronym is an abbreviated form of a term of two or more words. The acronym OPEC is a shortened form of Organization of Petroleum Exporting Countries, which represnts (currently 14) oil producing countries. The acronym OPEC functions in a sentence as a noun, a word for a thing.
opec
Economics
Economics
Economics
Saudia Arabia opec OPEC oil reserves OPEC oil crisis
What are the organs of opec
where is the head quarter of opec
OPEC's population is 372,368,429.
egypt (A+)
OPEC is an organisation, not a place, so no country is located in it. Egypt is not a member of OPEC.
OPEC controls the oil but oil companies control the price. The oil compnies contention is that if OPEC releases 100,000 barrels of oil it is worth 5 times the amount if OPEC released 500,000 barrels. Do not get me wrong, always follow the profit reports. Big oil sets the price on a fake demand.