Category: General Knowledge | Last updated: 2026-09-18
Which major global economic organization, established in 1960, aims to unify petroleum policies among its member countries and stabilize oil markets?
A) WTO
B) IMF
C) OPEC
D) NAFTA
Explanation
OPEC (Organization of the Petroleum Exporting Countries) was founded in 1960 to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets.