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The Economic Impacts of the Petroleum Exporting Countries (opec) in the Oil Industry and Its Future [pic 1]THE ECONOMIC IMPACTS OF THE PETROLEUM EXPORTING COUNTRIES (OPEC) IN THE OIL INDUSTRY AND ITS FUTUREABDULAZIZ ALOTAIBIT0048869611/30/2017IntroductionThe Organization of Petroleum Exporting Countries, known as OPEC is a big alliance of twelve oil producing nations. OPEC controls sixty percent.