+1 vote
How does OPEC impact the world?

2 Answers

0 votes
Oil Production Levels To prevent wild fluctuations in oil prices, in theory, OPEC responds to increased and deceased world oil demand by adjusting production levels up or down. OPEC does this in order to avoid the rapid rise and fall of prices that can occur as changes in supply and demand affect the oil market.
0 votes
The History of OPEC



...