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increased production.
increased production.
What else can I help you with?
When the price of oil drops this usually that means that OPEC has?
increased production.increased production.
When the price of oil drops this usually means that OPEC has done what?
Increased Oil Production.
When the price of oil crops this usually means that OPEC has?
OPEC has put too much oil on the market.
What type of government controls the OPEC?
OPEC controls most of the worlds oil source.
What organization's goal is to control the worlds production and price of oil?
OPEC is the organization that controls the world's production and price of oil. The members of OPEC come from twelve oil producing states.
Who controls the price of oil in the middle east?
Opec
What is a representative of OPEC that would be concerned with the price?
Oil
A representative of OPEC would be concerned with the price of?
Oil.
What method does OPEC use to increase is profits?
OPEC controls the oil but oil companies control the price. The oil compnies contention is that if OPEC releases 100,000 barrels of oil it is worth 5 times the amount if OPEC released 500,000 barrels. Do not get me wrong, always follow the profit reports. Big oil sets the price on a fake demand.
Why should US citizens be interested in the actions of OPEC?
OPEC influences the price and availability of oil and gas.
What determines the fuel price?
The OPEC decides mainly, because they control the oil, OPEC is all of the middle eastern countries that have oil and export it
How does OPEC stabilize the market price of oil?
OPEC stabilizes the market price of oil by controlling the production levels of its member countries. By adjusting production quotas, OPEC can influence the supply of oil in the market, which in turn affects prices. Additionally, OPEC meetings allow member countries to coordinate and align their production decisions to achieve price stability.
