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All countries want oil because all countries use oil as a fuel source

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14y ago

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What does the middle east have that other countries want?

oil


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What countries and companies want to exploit Antarctica's resources?

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Is Iraq rich or poor?

Iraq is on of the richest countries in the world in oil. America comes to Iraq to take the oil. Iraq is a country that carries billion and billions of money and that comes from the oil the American want to take


Is high impact polystyrene sustainable?

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Who and all are responsible and how is the price of crude oil is fixed?

The main oil producing countries are all in a Cartel-esque group called OPEC, stands for Oil Producing Economic Countries, and they get together every so often and set the prices to a certain extent to control supply of oil and thus the price. All the countries in OPEC (as far as i am aware) can produce a lot more oil however lots more oil = prices falling which they don't want.


How is oil used in other countries?

its countries


What countries have oil deposits?

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How many countries use oil?

all countries use oil stoves, cars, fires.


What are the countries in Caribbean South America are export oil?

The countries that export oil are Venezuela and Colombia!


What countries are poor in oil?

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Why are countries with oil reserves richer than those countries without oil?

Oil exportation generates large amounts of revenue for the country that has the oil reserves.