OPEC: Calming a nervous world oil market
In October 1973, the oil-exporting countries announced an increase in oil prices from $3.11 to 5.12 per barrel. The consuming nations regarded the price increases with horror-as an audacious and unwarranted economic humiliation. Since then, the oil-exporting countries have increased the market price...
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| Format: | Article |
| Language: | English |
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© Massachusetts Institute of Technology,
2022-04-03T03:52:45Z.
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