because they are naturally rich in oil, and they understand how precious oil is and will be.
The reason why oil is so important is that Arabia's main export is oil and it relies on the oil it sells to richer countries.
It is hard for these countries to earn money in other ways.
So we can get more oil for stuff like gas.
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 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.
Is the countries who have the oil deposit.
Some famous minerals found in Muslim countries include oil in Saudi Arabia, natural gas in Qatar, copper in Afghanistan, gold in Uzbekistan, and phosphates in Morocco. These minerals play a significant role in the economy and development of these countries.
It is still very significant to the various countries it flows through and in the case of Egypt, without the Nile there would be no Egypt, just desert.
All countries want oil because all countries use oil as a fuel source
Because of their oil industry
The distribution of oil in the Middle East has played a significant role in shaping the region's development by creating wealth and influencing political dynamics. Countries with abundant oil reserves have experienced economic booms, but also faced challenges with resource dependency and wealth inequality. The control and access to oil resources have been closely tied to regional conflicts and geopolitical interests.