What is the main objective of the Organization of the Petroleum Exporting Countries (OPEC)?
A
To promote the global transition to renewable energy sources.
B
To coordinate and unify the petroleum policies of its member countries and stabilize oil markets.
C
To provide financial assistance to oil-importing developing countries for energy security.
D
To regulate the global shipping industry and ensure environmental compliance for oil tankers.
✓ Correct Answer: Option B
OPEC's mission is to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets in order to secure a fair and steady income for producers and a regular supply of petroleum to consumers.
💡 Why is B) the correct answer?
The correct answer to the question "What is the main objective of the Organization of the Petroleum Exporting Countries (OPEC)?" is Option B: To coordinate and unify the petroleum policies of its member countries and stabilize oil markets..
The other options — A) To promote the global transition to renewable energy sources., C) To provide financial assistance to oil-importing developing countries for energy security., D) To regulate the global shipping industry and ensure environmental compliance for oil tankers. — are incorrect for this World Current Affairs question. As explained above: OPEC's mission is to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets in order to secure a fair and steady income for producers and a re…
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