answersLogoWhite

0

OPEC is the organization that controls the world's production and price of oil. The members of OPEC come from twelve oil producing states.

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

What is the price of the book the war of the worlds?

$9.58


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


What basic problem were the opa and wpb created to solve?

The WPB organized nationwide drives to recycle scrap into war goods. The OPA set up a system for rationing. OR Office of Price Administration (OPA) and the War Production Board (WPB) were powerful WWII organizations. The function of the OPA was to control prices and rents after the outbreak of WWII. The WPB was formed to regulate the production and allocation of materials and fuel during WWII.


What is the price for the worlds most expencive car?

Its the bugatti royale


How much are worlds of fun tickets at price chopper?

$27.95


Why is price such a difficult variable for marketers to control?

Price is difficult to control because it is influenced by a variety of factors such as production costs, competition, consumer demand, and perceived value. Additionally, pricing decisions can have a significant impact on a company's profitability and market position, making it a complex variable to manage effectively.


Who pays for air pollution?

Everybody does. The cost to your health is wrapped into the "cheaper" monetary price for transportation, industry, energy production and food. The unfortunate part is that only a small percentage of the worlds population gets to enjoy the production benefits, but all 7 billion pay towards it with their degraded environment.


What does the amount of production and the price depend on'?

Depends on the correct and special management of the sector responsible for buying and sales. Moreover, the control of unnecessary expenses is important.


1939 worlds fair silver spoon value price?

15.00


What is a series of competitive price cuts that lowers the market price below the cost of production?

A price war.


What is factor price?

the cost of factor of production


What factors cause the supply curve to shift?

Change in: production costs; production environment; price of related good; law; labour demand/price.