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What group decided how much oil should be sold and produced?

The Organization of the Petroleum Exporting Countries (OPEC) is the group that primarily decides how much oil should be sold and produced among its member countries. Established in 1960, OPEC aims to coordinate and unify petroleum policies to secure fair and stable prices for petroleum producers, ensure a regular supply for consumers, and provide a fair return on capital for those investing in the petroleum industry. OPEC's decisions on production levels significantly influence global oil prices.


The organization that decides how much oil produce is called?

The organization that decides on oil production levels is called the Organization of the Petroleum Exporting Countries (OPEC). It is a group of oil-producing countries that coordinate on policies to stabilize oil markets and ensure a steady income for its members.


How much silk is produced in the mediterranean?

The Mediterranean is not a silk producing area.


What similar crop are produced by Jamaica and Ghana?

Coffee is produced in both countries but Jamaican coffee is much better.


How much petroleum is in petroleum jelly?

a bit


What is the name of the cartel that controls much of the worlds oil supply?

The cartel that controls much of the world's oil supply is known as OPEC, which stands for the Organization of the Petroleum Exporting Countries. Established in 1960, OPEC aims to coordinate and unify the petroleum policies of its member countries to secure fair and stable prices for petroleum producers. It consists of several member nations, primarily from the Middle East, Africa, and South America.


How much oil does Libya produce?

Libya produces roughly 2% of the world's oil. According to the CIA world factbook 2009 stats, Libya produces 1,790,000 bbl /day (barrels per day) making Libya the #18 oil producing country in the world. This is 2.49% of the 71,959,000 bbl/day of oil produced by the top 20 oil producing countries and 2.05% of the 87,125,145 bbl/day of oil produced by the top 100 oil producing countries.


How do countries in the EU have so much food?

Countries in the EU are modern countries and so they are capable of producing a lot of food. Some are not as good as others, but none are like third world countries.


What are the percentage of dangerous pollution produced by developed countries?

how much pollution is in Dominicon republic


How much iron ore produced each year?

Approximately 2.2 billion metric tons of iron ore are produced globally each year. The top iron ore producing countries are Australia, Brazil, and China. Iron ore is a key ingredient in steel production and is essential for the construction and manufacturing industries.


Is graphite found in the US?

Yes, there are some very large reserves of graphite in the US. However, graphite is no longer mined in the US because graphite can be synthetically produced using petroleum coke. Petroleum coke is much more pure and economic form of graphite.


How much gold is produced each year?

Approximately 3,000 metric tons of gold are produced worldwide each year. The largest gold-producing countries include China, Australia, Russia, and the United States. Gold production levels can fluctuate due to factors like mining regulations, economic conditions, and technological advancements.