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BigorU [14]
2 years ago
6

What happens when OPEC reduces the production of oil?

History
1 answer:
hram777 [196]2 years ago
4 0

What happens when OPEC reduces the production of oil is the price of oil increases throughout the world. This is further explained below.

<h3>What is OPEC?</h3>

Generally, OPEC is simply defined as the Organization of the Petroleum Exporting Countries (OPEC) is an international organization, founded at the Baghdad Conference that focuses on oil.

In conclusion, The global price of oil rises when OPEC cuts supply.

Read more about OPEC

brainly.com/question/14305745

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During the First World War(1914-1918), Hitler was a soldier of the German army. At the end of the war Hitler, like many others, could not accept the defeat of the Germans. Soon rumors were spread that Germany was not defeated on the battlefield but by a 'stab-in-the-back'. In simpler terms they Germans were betrayed by the Jews and the communists, who wanted to bring the left-wing government to power. Hitler during the economic crisis became a stereotypical enemy of the Jews an the only way to bring end to the poverty, he thought, was execution of Jews and communists.

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