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OPEC would never trade with the country that rose the price of petroleum.
Wiki User
∙ 11y ago
Wiki User
∙ 10y agothey would like it because they get money
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What impact can OPEC decisions have on the world?
The roe of OPEC is to regulate the petroleum industries among member countries. OPEC stands for Organization of the Petroleum Exporting Countries.
Who is a leading producer of petroleum and a member of OPEC?
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.
Full form of OPEC?
Organization of petroleum exporting countries.
Why was OPEC created?
To regulate petroleum prices around the world.
What organization is known as OPEC?
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.
How would an OPEC nation feel about the rising cost of petroleum?
Money
What impact can OPEC decisions have on the world?
The roe of OPEC is to regulate the petroleum industries among member countries. OPEC stands for Organization of the Petroleum Exporting Countries.
Why was OPEC?
The OPEC was founded to unify petroleum policies and stabalize markets.
Who is a leading producer of petroleum and a member of OPEC?
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.
What does the acronym OPEC stand for?
OPEC stands for Organization of the Petroleum Exporting Countries.
Is Lebanon a member of the OPEC?
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.
Group of countries that export petroleum?
OPEC
How fair is OPEC in controlling these prices?
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.
How fair is OPEC in controlling prices?
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.
What Natural Resource does OPEC control the production price and distribution?
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).
What do the OPEC stand for?
Organiza of the petroleum exporting countries
How does OPEC influence the world politic?
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.
