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Earn +20 ptsQ: What did OPEC nations supply?
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In 1973 The OPEC nations cut off their supply of what to do the US?
Oil
What monopoly was formed by oil-producing nations of the middle east to control the supply and price of oil?
OPEC
The Organization of Petroleum Exporting Countries (OPEC)?
Group of oil-exporting nations that worked together to regulate the price and supply of oil.
Have OPEC nations increased the price that they charge for oil in the last few years?
OPEC nations have increased the price of oil in the last few years, but this is a market that fluctuates daily. The price of crude oil in the United States has several other factors like supply and demand that determine price.
Where are the OPEC Nations located?
in the middle east
Is the OPEC fair with pricing?
OPEC charges what the market will allow. It regulates the price by regulating the supply.
Which Latin American nations are members of OPEC?
Venezuela and Ecuador are the only OPEC members in Latin America.
Group composed of oil-exporting nations?
OPEC
What Group composed of oil-exporting nations?
OPEC
What Group composed of oil exporting nations?
OPEC
How does OPEC influence the supply of crude oil?
OPEC decides to influence, by either increasing the exports or decreasing them.
How do the nations of OPEC affect your life?
people bring to rich.
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