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The roe of OPEC is to regulate the petroleum industries among member countries. OPEC stands for Organization of the Petroleum Exporting Countries.
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∙ 9y ago
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∙ 13y ago- the role of the OPEC is to hold oil...
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How do the actions of OPEC impact worldwide trade?
The OPEC, Organization of the Petroleum Exporting Countries, is a group of eleven developing countries that decide certain imports and exports in order to stabilize the market for goods such as oil.
Why was OPEC created?
To regulate petroleum prices around the world.
What is the organization that controls much of the world's oil supply?
OPEC
How has OPEC influenced the world economy?
Nathan adkins said what ever you think
Where is the headquater of opec?
where is the head quarter of opec
What has OPEC done to limit the effect of nonmember production on its pricing decision?
what has OPEC done to limit the effect of non member production on its pricing decisions?
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.
What action did OPEC take in 1973 against the US and what impact did it have on the American economy?
The 1973 Oil Crisis.
How do the actions of OPEC impact worldwide trade?
The OPEC, Organization of the Petroleum Exporting Countries, is a group of eleven developing countries that decide certain imports and exports in order to stabilize the market for goods such as oil.
What is the organization that controls much of the world's oil supply?
OPEC
Why was OPEC created?
To regulate petroleum prices around the world.
Who owns OPEC?
opec
What percentage of the world's oil supply is produced by OPEC?
40 percent
What is the country that imports the second most oil from OPEC in the world?
Japan
Your lives are defined by the decisions you make each day?
How does geography impact our decisions each day
How has OPEC influenced the world economy?
Nathan adkins said what ever you think
Why is the U.S. not part of OPEC?
America is not part of OPEC (Organization of PetroleumExporting Countries) because we do not export oil - only a very small amount. Also, OPEC was created by and for the participating countries (majorly middle east and third world) to guarantee that they would profit from America's use of oil - we are the biggest consumers of oil in the world.
