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.

✓ Correct Answer: Option B

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.

💡 Why is B) the correct answer?

The correct answer to the question "OPEC (Organization of the Petroleum Exporting Countries) primarily aims to:" is Option B: Stabilize international oil markets to secure fair returns for producers and reliable supply for consumers..

The other options — A) Promote renewable energy sources globally., C) Regulate the global shipping industry for oil transport., D) Establish a single global currency for oil trade. — are incorrect for this World Current Affairs question. As explained above: 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 suppl…

📚 About This World Current Affairs Practice Question

This 2-level World Current Affairs question from the Global Economy & Trade topic is part of One Paper Preparation's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free World Current Affairs practice test or use flashcards for spaced repetition review.

Practice World Current Affairs Quizzes → Browse All Questions Study Flashcards

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

✓ Correct Answer: Option B

📚 About This World Current Affairs Practice Question

Related World Current Affairs Questions