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Oil prices drop.
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Earn +20 ptsQ: What happens when OPEC increases the the production of oil?
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What happens when OPEC increases in the production of oil?
What hapens is that it increases its profits:) Apex.
When the price of oil drops this usually means that OPEC has done what?
Increased Oil Production.
Which is a main goal of opec?
To control the production of oil— Apex :)
When the price of oil drops this usually that means that OPEC has?
increased production.increased production.
What is the difference between BP to OPEC?
BP is simply an Oil producing firm whilst OPEC is a trade bloc/ organisation which regulates the production of oil within 12 countries
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