-OPEC (Organization of the Petroleum Exporting Countries)
-dozen members; tried to control/manipulate the price by manipulating the supply-Saudi Arabia is the most powerful member (cheaper to process)-Venezuela cut production to raise the price
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-OPEC (Organization of the Petroleum Exporting Countries)
-dozen members; tried to control/manipulate the price by manipulating the supply-Saudi Arabia is the most powerful member (cheaper to process)-Venezuela cut production to raise the price