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C/E/826. OPEC's influence on global oil prices
- WORDS:
- 2000
- DATE:
- 2012
- PRICE:
- 29.99 GBP
The paper examines whether OPEC (Organization of Petroleum Exporting Countries) has the ability to influence global oil prices. The dominant position of OPEC member states’ companies in oil wholesale market is discussed, OPEC’s role in controlling oil supply and demand is considered.
KEYWORDS: OPEC, global oil prices, oil supply and demand,
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