Why was OPEC created?

Why was OPEC created?
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1 Answer

Answer :

To regulate petroleum prices around the world.
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Related questions

Are you interested in what the Director of the CIA has to say about OPEC and America's dependency on foreign oil?

Description : Are you interested in what the Director of the CIA has to say about OPEC and America's dependency on foreign oil?

Last Answer : Well at least with foreign oil when there’s a spill it screws up someone elses country.

What is the full form of 'OPEC' ? -How To ?

Description : What is the full form of 'OPEC' ? -How To ?

Last Answer : The full form of 'OPEC' is Organisation of Petroleum Exporting Countries

Where is OPEC Headquartered ?

Last Answer : The capital of Austria is Vietnam.

How many OPEC member countries are there now ?

Last Answer : OPEC 's current member countries - 15.

Why are most OPEC countries located in the Middle East?

Description : Why are most OPEC countries located in the Middle East?

Last Answer : That is where the oil is

What happens when OPEC increases the population of oil?

Description : What happens when OPEC increases the population of oil?

Last Answer : Oil prices drop

Which is a main goal of opec?

Description : Which is a main goal of opec?

Last Answer : To control the production of oil— Apex :)

Which best describes the majority of countries in OPEC?

Description : Which best describes the majority of countries in OPEC?

Last Answer : They are not extensively industrialized

Where are most of the members of the OPEC located?

Description : Where are most of the members of the OPEC located?

Last Answer : Middle East

Which is the main goal of OPEC?

Description : Which is the main goal of OPEC?

Last Answer : The purpose of OPEC for members is to "coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and ... production. Together, OPEC members control about 81.9% of the world's total proven crude reserves.

Which Arab country has withdrawn its membership from OPEC (Organization of the Petroleum Exporting Countries)? (a) Oman (b) Kuwait (c) Qatar (d) None of These

Description : Which Arab country has withdrawn its membership from OPEC (Organization of the Petroleum Exporting Countries)? (a) Oman (b) Kuwait (c) Qatar (d) None of These

Last Answer : Qatar

What is the full form of OPEC?

Description : What is the full form of OPEC?

Last Answer : Organization of Petroleum Exporting Countries(OPEC).