OPEC is an alliance of 11 oil producing nations. It seeks to stabilize oil prices and help
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OPEC is an alliance of 11 oil producing nations. It seeks to stabilize oil prices and help producers achieve a reasonable rate of return. OPEC members discuss oil production levels, pricing, demand, and environmental issues. OPEC can increase its oil production in order to prevent price increases or reduce oil production to hedge against falling prices.
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List the ways in which OPEC impacts the oil market.
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Ways in which OPEC impacts the oil market Price Stabilization Competitive pricing can help OPEC ...View the full answer
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