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In Business / High School | 2014-10-22

What does OPEC stand for?

Asked by Alden804

Answer (2)

OPEC - Organization of the Petroleum Exporting Countries

Answered by naǫ | 2024-06-10

OPEC stands for the Organization of the Petroleum Exporting Countries, founded in 1960, to coordinate oil production policies among member countries. Major members include Saudi Arabia, Iraq, and Venezuela, and it plays a significant role in influencing global oil prices. OPEC aims to secure fair oil prices while ensuring a stable supply for consumers.
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Answered by naǫ | 2024-11-20

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