In 1971, which government raised its price of oil, thus resulting in other opec countries doing the same?

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Camille Banks

15 November, 17:39

In 1971, which government raised its price of oil, thus resulting in other opec countries doing the same?

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Alvaro Huffman · Answer 1

In 1971, the government that raised its price of oil thus resulting in other OPEC countries doing the same is Libya.

Some members of the OPEC or Organization of Petroleum Exporting Countries are the following:

Iraq, Iran, Angola, Libya, Qatar, Saudi Arabia, UAE.