DubaiConnect.ae - Economy

DubaiConnect.ae is providing resources for English speaking Business Professionals living in, visiting, or interested in Dubai and UAE. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on DubaiConnect.ae!

Video: What is OPEC?

Oil isn't just petrol for your car, it's an ingredient in a lot of what we use. That means the cost of these products can be affected by the fluctuating price of oil. That price is largely decided by supply and demand and the collective actions of OPEC, an organisation that provides 40% of the world's oil.