Question

Which of the following is the chief function of OPEC?

• A. To increase regional cooperation among South Asian countries
• B. To promote social, economic, and cultural harmony among Southeast Asia
• C. To coordinate petroleum policies and control international rates of crude oil
• D. To establish an integrated market among member nations in Europe

Answer 1

The correct option is C To coordinate petroleum policies and control international rates of crude oil

The Organization of the Petroleum Exporting Countries or OPEC is an international group of oil-producing countries. It was established to coordinate the petroleum policies of its members, and to provide member states with technical and economic aid.