one objective of organisation of patroleum exporting countries (OPEC) is to?
-
harmonize and stabilize oil prizes
- ensure excess supply of oil to consuming countries
- subsidize oil prices in member countries
- assist member countries to exploit oil resources
The correct answer is: A
Explanation
OPEC's objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fairreturn on capital to those investing in the industry.