SS7E5d OPEC

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Most OPEC countries are in:

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Southwest Asia

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Purpose of OPEC

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Regulate oil supply and prices

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Effect of OPEC limiting oil production

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prices rise

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Country that consumes more oil than it produces:

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USA

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Major natural resource of the Middle East

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Oil

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Industry heavily controlled by Saudi government

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oil

Front

Effect of OPEC limiting oil production

Back

prices rise

Front

OPEC stands for:

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Organization of Petroleum Exporting Countries

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Group that successfully determines global commodity price:

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Organization of Petroleum Exporting Countries

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Leading oil producer and exporter in the Middle East.

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Saudi Arabia