Why these countries produce less oil inspite of high reserves | The OPEC cartel скачать в хорошем качестве

Why these countries produce less oil inspite of high reserves | The OPEC cartel

Visit https://tcc.lla.in to register in masterclass on secret tricks to crack any exam (live session) Best bank account offer: https://idfc.tccweb.in Best life insurance: https://axis.tccweb.in _____________________________ ______________________________ Best website for Health and Life Insurance https://link.lla.in/DittoInsurance This is not a sponsored video. The link is an afflilate link which helps me bring better content for all of you. More such Interesting Videos: https://tinyurl.com/2p8w7n2w Interesting Shorts: https://tinyurl.com/tccshorts Follow TCC on Instagram:   / thecuriouscobra   Follow TCC on Facebook:   / thecuriouscobra   _________________________ 00:00 Introduction 02:09 How is oil made 03:24 Discovery of oil 04:22 Seven Sisters or Big Oil 06:20 Formation of OPEC 06:55 1973 oil embargo 08:10 How OPEC controls oil prices 09:04 The Future ?? In this informative and engaging video, we delve into the history, formation, and profound influence of OPEC (Organization of the Petroleum Exporting Countries) on the world oil market. Explore how OPEC's inception in 1960 was a response to the dominance of multinational oil companies, and how it sought to protect the interests of oil-producing nations. Discover how this powerful energy cartel has shaped global oil prices, production levels, and geopolitics over the decades. Gain insights into the critical role OPEC plays in maintaining energy stability, addressing crises, and influencing international relations. Unravel the complex dynamics that drive the ever-evolving landscape of the oil industry. #opec #opecplus #oil