Responses
OPEC allows participating members to resolve political disputes between themselves.
OPEC allows participating members to resolve political disputes between themselves.
OPEC allows participating countries to participate in greater trade, ensuring their own access to oil.
OPEC allows participating countries to participate in greater trade, ensuring their own access to oil.
OPEC allows participating countries to coordinate oil policy, impacting the price of oil globally.
OPEC allows participating countries to coordinate oil policy, impacting the price of oil globally.
OPEC is the result of a system of treaties designed to allow free trade between member countries.
1 answer
The statement that most accurately describes the motivations for forming the Organization of Petroleum Exporting Countries (OPEC) is:
OPEC allows participating countries to coordinate oil policy, impacting the price of oil globally.
OPEC was established primarily to help member countries manage their oil production levels, stabilize oil prices, and influence global oil markets through coordinated policies.
