Category: World Current Affairs | Last updated: 2026-09-18

OPEC (Organization of the Petroleum Exporting Countries) primarily aims to:

A) Promote renewable energy sources globally.
B) Stabilize international oil markets to secure fair returns for producers and reliable supply for consumers.
C) Regulate the global shipping industry for oil transport.
D) Establish a single global currency for oil trade.

Explanation

OPEC's main objective is to coordinate and unify the petroleum policies of its member countries and to secure fair and stable prices for petroleum producers, an efficient, economic, and regular supply of petroleum to consuming nations, and a fair return on capital to those investing in the petroleum industry.

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