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Are there other groups outside the OPEC nations that are involved in the production and sale of gasoline?
Yes, Russia is one, they produce oil and gas.
What countries have an economy based largely on the production and sale of energy?
The OPEC countries, and other non-OPEC oil exporters (such as Russia).
What impact can OPEC decisions have on the world?
The roe of OPEC is to regulate the petroleum industries among member countries. OPEC stands for Organization of the Petroleum Exporting Countries.
What is the name of the organization that controls oil?
There was a time when the organization called OPEC, was a group of oil producing nations that were almost always in agreement regarding the amount of petroleum that would be produced and what the price per barrel of oil would be. This is no longer a factor in the price and production of petroleum. Currently, it can be said that the free market now makes these decisions.
What group was formed to regulate oil prices?
OPEC
What international organization was formed in 1960 to regulate the sale of a natural resource?
Most oil producing regions of the middle east are located around the the
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.
What organization was extablished to provide oil-rich nations more control over the production and price of oil?
OPEC - The Organization of Oil Producing Countries
The Organization of Petroleum Exporting Countries (OPEC)?
Group of oil-exporting nations that worked together to regulate the price and supply of oil.
What organization controls almost 96 of the worlds oil production and trade?
Exxon
What organization controls almost 96 percent of the worlds oil production and trade?
Exxon
Which international organization was formed to set policies related to crude oil production?
OPEC
In April 1999 organization of petroleum exporting countries?
Cut crude oil production{~*Sara*~}
In April 1999 the organization of petroleum exporting countries OPEC?
cut crude oil production
In April 1999 the Organization of Petroleum Exporting Countries?
Cut crude oil production{~*Sara*~}
What is the name of the organization that controls oil production in the middle east?
Organization of Petroleum Exporting Countries (OPEC)
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.
