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April 1, 2024
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OPEC Pos. Neg.Impact Timeline
Actualizado 17 oct 2018
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Created by
Yashashwini Singh
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OPEC ESTABLISHED
OPEC MEMBER SHIP INCREASES TO TEN
OPEC'S SHARE DECREASES FROM OIL MARKET
OIL PRICES PEAK, HIGHER DEMAND
Períodos
OPEC GROWS INTERNATIONALLY FASTER. MEMBER COUNTRIES TAKE CONTROL OF THEIR DOMESTIC PETROL MARKETS AND HAVE THE MAJOR SAY ON THE PRICE OF CRUDE OIL ON WORLD MARKETS
World Oil prices weaken, before crashing at 1986 because of consumer shifts from hydrocarbon.
Rise in neg. market impacts from Middle East hostilities
Timed OPEC response reduced the impact.
South East Asian economic downturn and Northern hemipshere winter drop oil prices
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