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Opec Full Form

Opec Full Form

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Instructions and help about Opec Full Form

thanks to technological innovation helping us find more oil refine it better and then use it more efficiently the price of it nowadays is mostly influenced by politics if you live in a country that mostly uses oil from within its own borders then the price of it is going to be largely impacted by your own country's environmental regulation and tax policies if you live in a country however that imports most of its oil it's going to be impacted by your country's foreign policy or the foreign policy of other countries now foreign policy mostly impacts the price of oil when it politically destabilizes a part of the world that exports a lot of oil luckily for us the parts of the world that export a lot of oil tend to be super politically stable however prior to politics or technological innovation impacting the price of oil there was an international organization set up in the wake of world war ii to help regulate and well manipulate the price of it called opec so what exactly is opec and w

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