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
where is the head quarter of opec
egypt (A+)
OPEC's population is 372,368,429.
What are the organs of opec
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.