No. It gave oil exporting countries more control over prices.
the price of oil is increasing because there is lacking of oil in countries so the country you stay is importing oil that is why the money is increasing.
Norway sells oil to most oil importing countries and metal products to other countries, so all in all there must be very few countries that doesn't buy Norwegian products.
the five countries that produce the most oil are: Australia, America, Brazil, china and Bulgaria.
The Gulf countries would become very poor.
See the related link.
Oil is used to power tanks.It has been used several times as a political weapon, by refusing to export it or raising prices for certain importing countries.
According to government figures from 2015, the top-five biggest oil-producing countries were: Russia (which is the largest of all the oil producers-- by some accounts, Russia produces about 10,124,000 barrels per day); next is Saudi Arabia, then the United States, then China, and finally Iran.
Amounts of buried oil.
Iraq is one of the largest oil production countries in the world.
By importing large amounts of oil
Venezuela has the world's largest oil reserves. It has 297,570 millions barrels of oil reserves. Second on the list is Saudi Arabia with 267,910 million Barrels.
they are first in the world at importing coal,liquefied gas and are second in the world at importing oil
There are several countries that have very large oil reserves. They are Venezuela which accounts for 20 percent of global reserves, Saudi Arabia and Iran.
Nigeria is the largest oil producing in the world with her bad government.
SAUDI ARABIA,IRAQ AND KUWAIT
saudi arabia and iraq
Russia, Iran, USA and Malaysia.
Oil comes from many countries, but the largest producers are Saudi Arabia ,Russia, Qatar, Kuwait and Iran.
oil and gas reserves
Oil is the natural resource that played the largest role in the economies
United States of America.The u.s.aThe U.S.A is Canada's largest trading partner and trades lumber oil and maple syrup. It also trades over 200, 000 dollars importing and exporting your welcome.
Most countries in Latin America have oil reserves of varying sizes. The largest can be found in Mexico, Brazil and Venezuela.
There are no absolute five, but most of our oil comes from OPEC. (Organization of Petroleum Exporting Countries) OPEC is made up of small middle-eastern countries that are small in size, and have few sources of external revenue other than oil. They export not only crude oil, but gasoline as well. It was OPEC in the 70s during Carter's term that made gasoline expensive. The US also gets oil from some of its own reserves, such as those in Texas, the West, Alaska, and some offshore drills in either the Gulf or off the coast of Alaska. The US government wishes to conserve US oil for as long as possible, however, and chooses to get most of its oil from outside sources. As of July 2005 the USA imports petroleum (including crude oil) from these top five exporting countries. (It also imports from 10 other countries, in smaller amounts) '''Country (Thousand Barrels per Day)''' * Canada (2,079) * Saudi Arabia (1,689) * Venezuela (1,623) * Mexico (1,593) * Nigeria (1,156) Source: www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html Uisge