answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What has happened to the price of oil since OPEC was formed?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What happened to the price of oil when opec decided to limit production?

It increased.


What monopoly was formed by oil-producing nations of the middle east to control the supply and price of oil?

OPEC


When did OPEC siege happen?

OPEC siege happened in 1970.


What type of government controls the OPEC?

OPEC controls most of the worlds oil source.


What happened to the price of oil when OPEC decides to limit production?

Filling up your Hummers and Pickups becomes a hell of a lot more expensive!


Is the OPEC fair with pricing?

OPEC charges what the market will allow. It regulates the price by regulating the supply.


What group formed to regulate oil prices?

OPEC


What group was formed to regulate oil prices?

OPEC


When was OPEC set up?

OPEC was formed between September 10-14 1960, and was in effect January 1961.


When the price of oil crops this usually means that OPEC has?

OPEC has put too much oil on the market.


Why should US citizens be interested in the actions of OPEC?

OPEC influences the price and availability of oil and gas.


What are the characteristics of OPEC?

The characteristics of OPEC are:products must be homogeneous.The products must have a low price elasticity of demand.