OPEC would never trade with the country that rose the price of petroleum.
they would like it because they get money
The roe of OPEC is to regulate the petroleum industries among member countries. OPEC stands for Organization of the Petroleum Exporting Countries.
Saudi Arabia is one of the leading producers of petroleum and a member of the OPEC, but Nigeria is also a leading producer of petroleum.
Organization of petroleum exporting countries.
To regulate petroleum prices around the world.
The organization that is known as OPEC is the Organization of Petroleum Exporting Countries. This organization has a goal of producing steady income for countries that are members of OPEC.
Money
The roe of OPEC is to regulate the petroleum industries among member countries. OPEC stands for Organization of the Petroleum Exporting Countries.
The OPEC was founded to unify petroleum policies and stabalize markets.
Saudi Arabia is one of the leading producers of petroleum and a member of the OPEC, but Nigeria is also a leading producer of petroleum.
OPEC stands for Organization of the Petroleum Exporting Countries.
No. Israel has no petroleum to export, so cannot legitimately aspire to membership in any organization of petroleum exporting countries. Even if Israel had petroleum to export, it is unlikely that it would be able to join OPEC because over half of that organization's membership does not recognize the State of Israel.
OPEC
OPEC is the organization of petroleum exporting countries. OPEC rolls out regulations to control the prices of petroleum products in fair markets by determining production of oil in various locations.
OPEC is the organization of petroleum exporting countries. OPEC rolls out regulations to control the prices of petroleum products in fair markets by determining production of oil in various locations.
The acronym OPEC stands for the Organization of Petroleum Exporting Countries, hence, the specific natural resource with which OPEC is concerned is petroleum (also known as oil).
Organiza of the petroleum exporting countries
OPEC, or the Organization of the Petroleum Exporting Countries, is an intergovernmental agency that coordinates policies to ensure the fair and regular supply of petroleum to other countries in the world. Countries outside of OPEC may seek to maneuver politically to gain favor with OPEC.