00:01
For this question, it's actually a very simple question.
00:06
What is the competitive market? in this market, there are so many buyers and sailors in this market.
00:14
And also, no single buyers or sailors can affect the price of crude oil.
00:21
So we know for crude oil, it's like the natural resources all around the world.
00:29
So not only one country has crude oil.
00:33
But also a lot of countries, a lot of nations have crude oil.
00:40
So firstly, there are a lot of sailors.
00:44
We know the opec, this organization is actually the most important organization for share of the world crude oil reserves in all of the world.
01:01
And in this organization, we can see there are a lot of countries like iraq, like iran and other countries...