Sergio Skh996
Introducing you Crude oil facts that are being discussed recently throughout the world
OPEC is an international cartel who has a significant voice in setting worldwide fuel supplies. Opec has a detailed history, worth reading about.
The price for a barrel of crude oil is 31-32 USD. The price is still inconsistent as it goes up and down throughout the day. After the significant reduction, no expert recommends exchanging oil with dollars, not even for quick payments like Cash advances
Supply and Output is another key factor in nowaday's behaviour of the crude oil price. Today's market has affected a lot of hotspots of crude oil. There is a hope that the stability will come soon.
Venezuela has more crude oil reserves than SA, despite the fact that the Arabs are the ones who control the world's fuel. There are still debates on whether Venezuela will keep its position in the upcoming years or will gradually switch to second place.
