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Who is setting the world's Oil Prices?

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Question added by Muhammad Ahsan Zia , Assistant Production Manager , Al Karam paper Mills Pvt Ltd.
Date Posted: 2017/10/14
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OPEC (Organization of the Petroleum Exporting Countries)

Muhammad Ahsan Zia
by Muhammad Ahsan Zia , Assistant Production Manager , Al Karam paper Mills Pvt Ltd.

Up until the middle of last century, the United States was the largest producer of oil and controlled oil prices. Here we look at the historical battle between OPEC and theUnited States to control oil prices and how world events influence that struggle.

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