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OPEC is an alliance formed by the oil producing countries of the world who collude and decide on how much oil to produce, keeping the cost higher than it should be.
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What does the organization do OPEC?
OPEC was created so that the prices for oil could be unified. it was also created so that the producers of the oil have a stable price as well.
What is OPEC's purporse?
OPEC refers to an organization formed by petroleum exporting states. It's purpose is to regulate amount of oil being produced as well as control its prices.
What is a 4 letter word for a group of nations with a common purpose that ends with c?
Opec.
Why was OPEC created?
To regulate petroleum prices around the world.
When was OPEC created?
From OPEC.org: The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10-14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.
When OPEC raised the price on oil prices it created a?
cost push inflation
Who owns OPEC?
opec
What happened on the 32nd OPEC Conference?
The formation of the Organization of Petroleum Exporting Countries (OPEC) occurred in September of 1960 at the Baghdad Conference, It was created by five countries which included Kuwait, Venezuela, Iran, Iraq, and Saudi Arabia. As of 2014, there are 12 member countries. OPEC's goal was to have more control over oil prices and their petroleum resources.
Where is the headquater of opec?
where is the head quarter of opec
What is the population of OPEC?
OPEC's population is 372,368,429.
What is OPEC what countries are a part of OPEC?
egypt (A+)
What are the organs of OPEC company?
What are the organs of opec
