OPEC produces millions of gallons of petroleum oil. do to economic issues. this number will soon decrease
A deciliter of oil is a tenth of a liter of oil, or 0.1 liters of oil.
300ml oil
3.789
1.50
2 billion
The OPEC was founded to unify petroleum policies and stabalize markets.
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.
OPEC has put too much oil on the market.
OPEC does not produce oil/oil products, it is a governing agency. OPEC is a permanent intergovernmental organization of 12 oil-exporting developing nations that coordinates and unifies the petroleum policies of its Member Countries.
Strictly controls all the elderly people and how they produce oil
OPEC
The US is vulnerable to OPEC because of the oil import. There is about 40% oil in OPEC countries.
OPEC controls most of the worlds oil source.
OPEC (Organization of the Petroleum Exporting Countries) controls the production, price, and distribution of oil, which is a significant natural resource. OPEC member countries collectively produce a large portion of the world's crude oil and play a key role in influencing global oil market dynamics.
Saudia Arabia opec OPEC oil reserves OPEC oil crisis
The organization that decides on oil production levels is called the Organization of the Petroleum Exporting Countries (OPEC). It is a group of oil-producing countries that coordinate on policies to stabilize oil markets and ensure a steady income for its members.
Saudi Arabia is a member of OPEC, which collectively determine oil prices for the oil producing countries in that region. As of 7 October 2014, the cost for a barrel of oil from OPEC was US $89.37.